NEW YORK, Aug. 12, 2015 /PRNewswire/ -- AllianceBernstein
L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding")
(NYSE: AB) today announced that preliminary assets under management
increased to $486 billion during
July 2015 from $485 billion at the end of June. Market
appreciation more than offset modest total firmwide net outflows.
By distribution channel, net flows were negative for Retail, flat
for Institutions and slightly positive for Private Wealth.
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AB (The Operating
Partnership)
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Assets Under
Management ($ in Billions)
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At July 31,
2015
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At June
30
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|
|
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2015
|
|
|
|
|
|
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Private
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Institutions
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Retail
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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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$28
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$47
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$40
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$115
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$116
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Passive
|
22
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28
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1
|
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51
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50
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Total
Equity
|
50
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|
75
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|
41
|
|
166
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|
166
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Fixed
Income
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Taxable
|
145
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|
59
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10
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214
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|
215
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Tax-Exempt
|
2
|
|
11
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20
|
|
33
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|
33
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Passive
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0
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|
10
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0
|
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10
|
|
9
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Total Fixed
Income
|
147
|
|
80
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|
30
|
|
257
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257
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Other(1)
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47
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8
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8
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63
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|
62
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Total
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$244
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$163
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$79
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$486
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$485
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At June 30,
2015
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Total
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$244
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$163
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$78
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$485
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(1) Includes 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, 2014
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 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 June 30, 2015, AB Holding owned
approximately 36.9% of the issued and outstanding AB Units and
AXA, one of the largest global financial services organizations,
owned an approximate 62.7% 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-july-31-2015-assets-under-management-300127779.html
SOURCE AB