NEW YORK, Sept. 10, 2020 /PRNewswire/
-- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding
L.P. ("AB Holding") (NYSE: AB) today announced that preliminary
assets under management increased to $643
billion during August 2020
from $623 billion at the end of July.
The 3.2% increase was due to market appreciation and firmwide net
inflows. By channel, Institutions and Retail experienced positive
net flows, while Private Wealth experienced net outflows. During
the month, the firm experienced inflows to our low-fee retirement
related Lifetime Income Strategies (LIS) product of $2.6 billion. Also, there were no outflows
resulting from AXA S.A.'s ongoing redemption of certain low-fee
fixed income mandates. Year-to-date through August, these
redemptions amounted to approximately $11.1
billion of the total expected redemptions of $14 billion.
AllianceBernstein
L.P. (The Operating Partnership)
|
Assets Under
Management ($ in Billions)
|
|
|
At August 31,
2020
|
|
At July
31
|
|
|
|
2020
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Private
|
|
|
|
|
|
Institutions
|
|
Retail
|
|
Wealth
|
|
Total
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
Equity
|
|
|
|
|
|
|
|
|
|
Actively
Managed
|
$
|
51
|
|
|
$
|
94
|
|
|
$
|
48
|
|
|
$
|
193
|
|
|
$
|
183
|
|
Passive
|
29
|
|
|
33
|
|
|
—
|
|
|
62
|
|
|
58
|
|
Total
Equity
|
80
|
|
|
127
|
|
|
48
|
|
|
255
|
|
|
241
|
|
|
|
|
|
|
|
|
|
|
|
Fixed
Income
|
|
|
|
|
|
|
|
|
|
Taxable
|
159
|
|
|
83
|
|
|
14
|
|
|
256
|
|
|
255
|
|
Tax-Exempt
|
1
|
|
|
22
|
|
|
25
|
|
|
48
|
|
|
48
|
|
Passive
|
—
|
|
|
9
|
|
|
—
|
|
|
9
|
|
|
9
|
|
Total Fixed
Income
|
160
|
|
|
114
|
|
|
39
|
|
|
313
|
|
|
312
|
|
|
|
|
|
|
|
|
|
|
|
Other(1)
|
57
|
|
|
6
|
|
|
12
|
|
|
75
|
|
|
70
|
|
Total
|
$
|
297
|
|
|
$
|
247
|
|
|
$
|
99
|
|
|
$
|
643
|
|
|
$
|
623
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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At July 31,
2020
|
|
|
|
|
|
|
|
|
|
|
|
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Total
|
$
|
287
|
|
|
$
|
239
|
|
|
$
|
97
|
|
|
$
|
623
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Includes certain multi-asset
services and solutions and certain alternative
investments.
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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, integration of acquired companies,
competitive conditions, and 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, 2019 or
subsequent Forms 10-Q. Any or all of the forward-looking statements
made in this news release, Form 10-K, Form 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.
As of June 30, 2020, including
both the general partnership and limited partnership interests in
AllianceBernstein, AllianceBernstein Holding owned approximately
35.5% of AllianceBernstein and Equitable Holdings, Inc. ("EQH"),
directly and through various subsidiaries, owned an approximate
65.2% economic interest in AllianceBernstein.
Additional information about AB may be found on our website,
www.alliancebernstein.com.
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SOURCE AllianceBernstein