- AllianceBernstein Holding ( NYSE: AB ) and investment management and research firm AllianceBernstein L.P. launched its first set of active exchange-traded funds, or ETFs, on NYSE.
- The two ETFs are AB Ultra Short Income ETF (YEAR) and AB Tax-Aware Short Duration Municipal ETF (TAFI).
- YEAR seeks to provide current income, consistent with preservation of capital. It aims to deliver higher levels of yield relative to cash or cash-like investments, while aiming for capital preservation in all market cycles.
- TAFI seeks to provide relative stability of principal and a moderate rate of after-tax return and income. It offers municipal bond investors a distinct complement to their core allocations providing the opportunity to help maximize after-tax income and returns using shorter maturity bonds and opportunistic exposure to treasuries and taxable bonds.
- Source: Press Release
For further details see:
AllianceBernstein launches first set of ETFs on NYSE