NEW YORK, March 9, 2017 /PRNewswire/ -- AllianceBernstein
L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding")
(NYSE: AB) today announced that preliminary assets under management
increased to $498 billion during
February 2017 from $489 billion at the end of January. The 1.8%
increase was driven primarily by market appreciation, with firmwide
net inflows contributing as well. By channel, Retail net inflows
and slight net inflows to Private Wealth were partially offset by
net outflows from Institutions.
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AB (The Operating
Partnership)
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Assets Under
Management ($ in Billions)
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At February 28,
2017
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At Jan
31
2017
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Institutions
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Retail
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Private
Wealth
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Total
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Total
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Equity
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Actively
Managed
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$
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28
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$
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47
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$
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43
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$
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118
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$
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114
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Passive
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20
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29
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—
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49
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49
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Total
Equity
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48
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76
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43
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167
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163
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Fixed
Income
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Taxable
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155
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64
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10
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229
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226
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Tax-Exempt
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2
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14
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22
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38
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37
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Passive
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1
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9
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1
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11
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11
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Total Fixed
Income
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158
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87
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|
33
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278
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274
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Other(1)
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41
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4
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8
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53
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52
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Total
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$
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247
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$
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167
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$
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84
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$
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498
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$
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489
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At January 31,
2017
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Total
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$
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244
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$
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163
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$
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82
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$
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489
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(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, 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, 2016.
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 AB
AB 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.
At December 31, 2016, AB Holding
owned approximately 35.9% of the issued and outstanding AB
Units and AXA, a worldwide leader in financial protection, owned an
approximate 63.7% economic interest in AB.
Additional information about AB may be found on our website,
www.abglobal.com.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/ab-announces-february-28-2017-assets-under-management-300421485.html
SOURCE AB