NEW YORK, July 12, 2016 /PRNewswire/
-- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding
L.P. ("AB Holding") (NYSE: AB) today announced that preliminary
assets under management increased to $490
billion during June 2016 from
$487 billion at the end of May.
Market appreciation, including the positive impact of currency
moves against the dollar, largely drove the 0.6% increase, though
net inflows to our Retail, Institutions and Private Wealth
Management channels contributed as well. Our month-end number
excludes $3 billion in Customized
Retirement Strategies (CRS) assets in our Institutions channel that
were reclassified out of AUM following a change to a consulting
role with a client. This will have no impact on fees. In addition,
and as previously reported, our July AUM figure will reflect a
reduction of approximately $7 billion
as the result of the conclusion of our 529 CollegeBound Fund
relationship with the state of Rhode
Island.
|
AB (The Operating
Partnership)
|
|
Assets Under
Management ($ in Billions)
|
|
|
At June 30,
2016
|
|
At May
31
|
|
|
|
2016
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Private
|
|
|
|
|
|
Institutions
|
|
Retail
|
|
Wealth
|
|
Total
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
Equity
|
|
|
|
|
|
|
|
|
|
|
Actively
Managed
|
$
|
25
|
|
|
$
|
46
|
|
|
$
|
39
|
|
|
$
|
110
|
|
|
$
|
111
|
|
|
Passive
|
20
|
|
|
26
|
|
|
—
|
|
|
|
46
|
|
|
47
|
|
|
Total
Equity
|
45
|
|
|
72
|
|
|
39
|
|
|
156
|
|
|
158
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed
Income
|
|
|
|
|
|
|
|
|
|
|
Taxable
|
159
|
|
|
60
|
|
|
10
|
|
|
229
|
|
|
222
|
|
|
Tax-Exempt
|
2
|
|
|
14
|
|
|
22
|
|
|
38
|
|
|
36
|
|
|
Passive
|
1
|
|
|
10
|
|
|
—
|
|
|
|
11
|
|
|
11
|
|
|
Total Fixed
Income
|
162
|
|
|
84
|
|
|
32
|
|
|
278
|
|
|
269
|
|
|
|
|
|
|
|
|
|
|
|
|
Other(1)
|
42
|
|
|
6
|
|
|
8
|
|
|
56
|
|
|
60
|
|
|
Total
|
$
|
249
|
|
|
$
|
162
|
|
|
$
|
79
|
|
|
$
|
490
|
|
|
$
|
487
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At May 31,
2016
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
$
|
248
|
|
|
$
|
160
|
|
|
$
|
79
|
|
|
$
|
487
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Includes 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, 2015
and Form 10-Q for the quarter ended March
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 June 30, 2016, AB Holding owned
approximately 35.9% of the issued and outstanding AB Units and
AXA, one of the largest global financial services organizations,
owned an approximate 63.8% 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-june-30-2016-assets-under-management-300297637.html
SOURCE AB