AB - AllianceBernstein Holding's assets under management increases 1% in May

AllianceBernstein Holding (AB) preliminary assets under management increased to $731B during May of this year from $724B at the end of April, or an increase of 1.0%.The AUM growth is due to firmwide net inflows and market appreciation.Retail and Institutional experienced net inflows and Private Wealth didn't nudge.Throughout the month AB saw $0.8B of inflows to its low-fee Customized Retirement Strategies platform, and;$0.4B of outflows resulting from AXA S.A's ongoing redemption of certain low-fee income mandates, of which less than $1B remains outstanding.Previously, (May 12) AllianceBernstein reports 3.9% increase in April AUM.

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AllianceBernstein Holding's assets under management increases 1% in May