AB - AllianceBernstein AUM slips 0.7% in March on market declines net outflows

AllianceBernstein's (NYSE:AB) preliminary assets under management of $735B at March 31 declined 0.7% during the month due to market depreciation and firmwide net outflows, the company said on Monday after the close. Total equity AUM rose 1.2% during the month to $327B. Total fixed income AUM of $293B fell 3.6% from February. Alternatives/multi-asset solutions AUM slipped 0.7% M/M to $735B. AllianceBernstein (AB) AUM declined 1.6% in February.

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AllianceBernstein AUM slips 0.7% in March on market declines, net outflows