AB - AllianceBernstein records 2% gain in March AUM thanks to market strength

2023-04-12 16:49:35 ET

• AllianceBernstein ( NYSE: AB ) said Wednesday its assets under management for the end of March rose to $676B from $665B at end-February, driven by market appreciation, partially offset by net outflows.
• By channel, the firm noted, net inflows into Private Wealth were outweighed by net outflows from Institutions and Retail.
• Equity AUM of $286B at March 31 advanced from $282B at Feb. 28. Fixed income AUM climbed to $263B from $258B, and alternatives/multi-asset solutions AUM of $676B vs. $665B.
• Previously, (March 9) AllianceBernstein AUM decreased 2.2% in February due to market depreciation.

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