NEW YORK, Nov. 5, 2019 /PRNewswire/
-- AllianceBernstein L.P. (AB), a leading investment
management and research firm, announced today that the AB
Government Money Market Portfolio (GMOXX) has achieved a
significant milestone, reaching assets of $10,980,557,487, a year-to-date increase of more
than 38%, as of November 4, 2019.
The Government Money Market Portfolio is designed to create
maximum current income while consistently offering the safety of
maintaining principal and liquidity. The portfolio provides income
in the form of a dividend that generally reflects short-term
interest rates, which is accrued daily and paid out monthly. The
portfolio currently invests in U.S. government securities and/or
repurchase agreements related to government securities that are
fully collateralized alongside cash.
"In today's volatile environment, liquidity management
strategies are even more important to investors seeking better
returns and stability in their asset allocation" said Zak Green, Global Head of Liquidity Sales at AB.
"Our flagship Government Money Market Portfolio offers investors
diversification, stability, liquidity and a solution that ensures
they are not overly dependent on a single banking
relationship.Additionally, the fund's socially-conscious investment
approach (adding 19 veteran, minority, women, and disabled-owned
specialty broker dealers to our approved list) and diversified
portfolio management team have served as unique differentiators in
a space largely devoid of such solutions."
To learn more about AB's Government Money Market Portfolio,
please visit us here.
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.
As of September 30, 2019,
including both the general partnership and limited partnership
interests in AB, AB Holding owned approximately 35.4% of AB and
EQH, directly and through various subsidiaries, owned an
approximate 65.3% economic interest in AB. Additional information
about AB may be found on our website,
The views expressed herein may change at any time after the
date of this press release. This document is for informational
purposes only and does not constitute investment advice. This
information should not be construed as sales or marketing material
or an offer or solicitation for the purchase or sale of any
financial instrument, product or service sponsored by
AllianceBernstein or its affiliates.