AB Announces April 30, 2021 Assets Under Management

Rhea-AI Summary

On May 12, 2021, AllianceBernstein L.P. (AB) reported a rise in preliminary assets under management (AUM) to $724 billion in April 2021, a 3.9% increase from $697 billion in March. The growth was attributed to net inflows across all distribution channels including Institutions, Retail, and Private Wealth, alongside market appreciation. Notably, the Customized Retirement Strategies (CRS) platform attracted inflows of $3.1 billion. However, AUM also included $0.9 billion in outflows linked to AXA S.A.'s redemption of low-fee fixed income mandates, with additional redemptions expected in Q2 2021.

Positive

• Preliminary AUM increased to $724 billion in April 2021, reflecting a 3.9% growth.
• Net inflows across all distribution channels contributed to the increase.
• CRS platform saw significant inflows of $3.1 billion.

Negative

• $0.9 billion in outflows from AXA S.A.'s ongoing redemption of low-fee fixed income mandates.
• Approx. $1 billion remains outstanding, with expected outflows in Q2 2021.

NEW YORK, May 12, 2021 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management increased to $724 billion during April 2021 from $697 billion at the end of March. Firm wide net inflows into all three distribution channels - Institutions, Retail, and Private Wealth, coupled with market appreciation, drove the 3.9% increase. During the month, the firm experienced inflows to our low-fee Customized Retirement Strategies (CRS) platform of $3.1 billion. April month-end AUM also reflected $0.9 billion of outflows resulting from AXA S.A's ongoing redemption of certain low-fee fixed income mandates, of which approximately $1 billion remains outstanding, the majority of which is expected in the second quarter of 2021.

AllianceBernstein L.P. (The Operating Partnership)
Assets Under Management ($ in Billions)
	At April 30, 2021																		At Mar 31
																			2021
										Private
	Institutions					Retail				Wealth					Total				Total
Equity
Actively Managed	$	67				$	124			$	56				$	247			$	232
Passive	29					39				1					69				66
Total Equity	96					163				57					316				298
Fixed Income
Taxable	158					81				15					254				252
Tax-Exempt	1					25				27					53				52
Passive	—					8				—					8				8
Total Fixed Income	159					114				41					315				312
Alternatives/Multi-Asset Solutions(1)	71					7				15					93				87
Total	$	326				$	284			$	114				$	724			$	697
	At March 31, 2021
Total	$	315				$	272			$	110				$	697
(1) Includes certain multi-asset solutions and services not included in equity or fixed income services.

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, 2020 or form 10-Q for the quarter ended March 31, 2021. 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 March 31, 2021, including both the general partnership and limited partnership interests in AllianceBernstein, AllianceBernstein Holding owned approximately 36.5% of AllianceBernstein and Equitable Holdings, Inc. ("EQH"), directly and through various subsidiaries, owned an approximate 64.3% economic interest in AllianceBernstein.

Additional information about AB may be found on our website, www.alliancebernstein.com.

 

View original content:http://www.prnewswire.com/news-releases/ab-announces-april-30-2021-assets-under-management-301290147.html

SOURCE AllianceBernstein

FAQ

What were AllianceBernstein's assets under management as of April 2021?

As of April 2021, AllianceBernstein's assets under management increased to $724 billion.

What factors contributed to the increase in AUM for AllianceBernstein in April 2021?

The increase was driven by net inflows across distribution channels and market appreciation.

What were the notable inflows reported by AllianceBernstein in April 2021?

AllianceBernstein reported inflows of $3.1 billion into its Customized Retirement Strategies platform.

Did AllianceBernstein experience any outflows in April 2021?

Yes, AllianceBernstein experienced $0.9 billion in outflows related to AXA S.A.'s redemptions.

What is the expected impact of AXA S.A.'s redemptions on AllianceBernstein's AUM?

AXA S.A.'s redemptions may lead to additional outflows, with approximately $1 billion expected in Q2 2021.