AB - Alliance Bernstein AUM rises 3% in June on market returns net inflows
2023-07-12 16:51:58 ET
- Alliance Bernstein's ( NYSE: AB ) preliminary assets under management increased 3.1% in June to $691B, driven by market appreciation and firmwide net inflows.
- By channel, net inflows from Institutions outweighed modest Retail net outflows. Private Wealth net flows, meanwhile, were unchanged.
- Equity AUM gained 4.2% to $296B.
- Fixed Income AUM rose 2.3% to $268B.
- Alternatives/Multi-Asset Solutions AUM increased 2.4% to $127B.
- Last month's increase followed a 1% dip in May's AUM.
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Alliance Bernstein AUM rises 3% in June on market returns, net inflows