AB Announces November 30, 2020 Assets Under Management

Rhea-AI Summary

AllianceBernstein L.P. (AB) announced a significant rise in its assets under management (AUM), reaching $668 billion in November 2020, up from $622 billion in October, marking a 7.4% increase. This growth was attributed to both market appreciation and net inflows across various channels. Notably, Institutions and Retail saw positive net flows, while Private Wealth experienced minor outflows. Additionally, $5.1 billion in inflows to a low-fee Agency MBS mandate contributed to this increase. However, redemptions from AXA S.A. accounted for approximately $11.8 billion year-to-date of an expected $14 billion total.

Positive

• Assets under management increased to $668 billion from $622 billion in a month.
• 7.4% growth due to market appreciation and net inflows.
• $5.1 billion inflows to low-fee Agency MBS mandate.

Negative

• Private Wealth channel experienced slight net outflows.
• AXA S.A.'s redemptions accounted for $11.8 billion year-to-date.

NEW YORK, Dec. 9, 2020 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management increased to $668 billion during November 2020 from $622 billion at the end of October. The 7.4% increase was due to market appreciation and firmwide net inflows. By channel, Institutions and Retail experienced positive net flows, while Private Wealth experienced slight net outflows. This month's AUM reflected $5.1 billion of inflows to a low-fee Agency MBS mandate. There were no outflows resulting from AXA S.A's ongoing redemption of certain low-fee fixed income mandates; year-to-date, these redemptions amount to approximately $11.8 billion of the total expected redemptions of $14 billion.

AllianceBernstein L.P. (The Operating Partnership)
Assets Under Management ($ in Billions)
	At November 30, 2020																		At Oct 31
																			2020
										Private
	Institutions					Retail				Wealth					Total				Total
Equity
Actively Managed	$	57				$	102			$	49				$	208			$	187
Passive	27					34						1			62				56
Total Equity	84					136				50					270				243
Fixed Income
Taxable	162					84				15					261				249
Tax-Exempt	1					23				26					50				48
Passive			—			9						—			9				9
Total Fixed Income	163					116				41					320				306
Other(1)	60					6				12					78				73
Total	$	307				$	258			$	103				$	668			$	622
	At October 31, 2020
Total	$	284				$	241			$	97				$	622
(1) Includes certain 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, 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, 2019 or subsequent Forms 10-Q. 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 September 30, 2020, including both the general partnership and limited partnership interests in AllianceBernstein, AllianceBernstein Holding owned approximately 35.5% of AllianceBernstein and Equitable Holdings, Inc. ("EQH"), directly and through various subsidiaries, owned an approximate 65.3% economic interest in AllianceBernstein.

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

 

 

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SOURCE AllianceBernstein

FAQ

What is the latest assets under management for AllianceBernstein (AB) as of November 2020?

As of November 2020, AllianceBernstein's assets under management reached $668 billion.

What factors contributed to the increase in AllianceBernstein's assets under management?

The increase was driven by market appreciation and firmwide net inflows.

How much inflow did AllianceBernstein see to its low-fee Agency MBS mandate?

AllianceBernstein experienced $5.1 billion of inflows to a low-fee Agency MBS mandate.

What was the status of AXA S.A.'s redemptions impacting AllianceBernstein?

Year-to-date, AXA S.A.'s redemptions totaled approximately $11.8 billion, out of an expected $14 billion.

Did all channels perform positively for AllianceBernstein in November 2020?

While Institutions and Retail had positive net flows, the Private Wealth channel experienced slight net outflows.