AB - AllianceBernstein AUM climbs 4.9% in November helped by market gains
- AllianceBernstein's ( NYSE: AB ) preliminary assets under management increased to $658B at Nov. 30, 2022 from $627B at Oct. 31, driven by market appreciation and partly offset by firm-wide net outflows, the asset manager said Monday.
- Total equity AUM increased 5.9% to $286B, and total fixed income AUM rose by 4.1% to $254B.
- By contrast, rival asset manager Franklin Resources ( BEN ), which operates Franklin-Templeton funds, saw its AUM increase 7.0% in November 2022.
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AllianceBernstein AUM climbs 4.9% in November, helped by market gains