NEW YORK, Aug. 9, 2018 /PRNewswire/
-- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding
L.P. ("AB Holding") (NYSE: AB) today announced that preliminary
assets under management increased to $546
billion during July 2018 from
$540 billion at the end of June. The
1.1% increase was due to market appreciation, partially offset by
total firmwide net outflows. By channel, net inflows to Retail were
more than offset by net outflows from Institutions and Private
Wealth.
|
AllianceBernstein
L.P. (The Operating Partnership)
|
|
Assets Under
Management ($ in Billions)
|
|
|
At July 31,
2018
|
|
At June
30
|
|
|
|
2018
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Private
|
|
|
|
|
|
Institutions
|
|
Retail
|
|
Wealth
|
|
Total
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
Equity
|
|
|
|
|
|
|
|
|
|
|
Actively
Managed
|
$
|
37
|
|
|
$
|
65
|
|
|
$
|
50
|
|
|
$
|
152
|
|
|
$
|
147
|
|
|
Passive
|
23
|
|
|
32
|
|
|
—
|
|
|
55
|
|
|
54
|
|
|
Total
Equity
|
60
|
|
|
97
|
|
|
50
|
|
|
207
|
|
|
201
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed
Income
|
|
|
|
|
|
|
|
|
|
|
Taxable
|
148
|
|
|
66
|
|
|
11
|
|
|
225
|
|
|
226
|
|
|
Tax-Exempt
|
1
|
|
|
17
|
|
|
24
|
|
|
42
|
|
|
42
|
|
|
Passive
|
—
|
|
|
9
|
|
|
1
|
|
|
10
|
|
|
10
|
|
|
Total Fixed
Income
|
149
|
|
|
92
|
|
|
36
|
|
|
277
|
|
|
278
|
|
|
|
|
|
|
|
|
|
|
|
|
Other(1)
|
47
|
|
|
5
|
|
|
10
|
|
|
62
|
|
|
61
|
|
|
Total
|
$
|
256
|
|
|
$
|
194
|
|
|
$
|
96
|
|
|
$
|
546
|
|
|
$
|
540
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At June 30,
2018
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
$
|
255
|
|
|
$
|
190
|
|
|
$
|
95
|
|
|
$
|
540
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Includes certain
multi-asset services and solutions and certain alternative
investments.
|
Cautions Regarding Forward-Looking Statements
Certain statements provided by management in this news release
are "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are subject to risks, uncertainties and other factors
that could cause actual results to differ materially from future
results expressed or implied by such forward-looking
statements. The most significant of these factors include,
but are not limited to, the following: the performance of financial
markets, the investment performance of sponsored investment
products and separately-managed accounts, general economic
conditions, industry trends, future acquisitions, competitive
conditions, and current and proposed government regulations,
including changes in tax regulations and rates and the manner in
which the earnings of publicly-traded partnerships are taxed. AB
cautions readers to carefully consider such factors. Further,
such forward-looking statements speak only as of the date on which
such statements are made; AB undertakes no obligation to update any
forward-looking statements to reflect events or circumstances after
the date of such statements. For further information
regarding these forward-looking statements and the factors that
could cause actual results to differ, see "Risk Factors" and
"Cautions Regarding Forward-Looking Statements" in AB's Form 10-K
for the year ended December 31, 2017
and subsequent Forms 10-Q. Any or all of the forward-looking
statements made in this news release, Form 10-K, Forms 10-Q, other
documents AB files with or furnishes to the SEC and any other
public statements issued by AB, may turn out to be wrong. It
is important to remember that other factors besides those listed in
"Risk Factors" and "Cautions Regarding Forward-Looking Statements",
and those listed above, could also adversely affect AB's financial
condition, results of operations and business prospects.
About AllianceBernstein
AllianceBernstein is a leading global investment management firm
that offers high-quality research and diversified investment
services to institutional investors, individuals and private wealth
clients in major world markets.
In May 2017, AXA S.A. ("AXA")
announced its intention to pursue the sale of a minority stake in
AXA Equitable Holdings, Inc. ("EQH") (NYSE: EQH) through an initial
public offering (the "IPO"). On May 14,
2018, EQH completed the IPO and AXA now owns approximately
71.9% of the outstanding common stock of EQH.
As of June 30, 2018, including
both the general partnership and limited partnership interests in
AllianceBernstein, AllianceBernstein Holding owned approximately
35.9% of AllianceBernstein and EQH, directly and through various
subsidiaries, owned an approximate 64.7% economic interest in
AllianceBernstein.
Additional information about AB may be found on our website,
www.alliancebernstein.com.
View original
content:http://www.prnewswire.com/news-releases/ab-announces-july-31-2018-assets-under-management-300695126.html
SOURCE AllianceBernstein