AllianceBernstein Reports Sequential Rise In November AUM
Zacks Investment Research | Dec 13, 2018 07:52AM ET
AllianceBernstein Holding L.P. (NYSE:AB) announced its assets under management (AUM) for November 2018. The company’s preliminary month-end AUM of $533 billion increased marginally from the prior month.
Market appreciation was the primary reason behind the increase in total AUM. However, this was partially offset by total net outflows.
At the end of the reported month, AllianceBernstein’s Equity AUM increased 2.5% sequentially to $202 billion. Fixed Income AUM decreased 1.1% from the October 2018 level to $270 billion. Others AUM (including certain multi-asset services and solutions, and certain alternative investments) grew 1.7% to $61 billion.
At the end of November 2018, by channel, Institutions AUM of $249 billion was down marginally from the prior month. However, Retail AUM increased 2.1% sequentially to $191 billion. Private Wealth AUM remained unchanged at $93 billion.
While the decline in AUM in the previous months due to tough operating backdrop remains a concern for AllianceBernstein, growth in revenues is expected to provide support to some extent.
Shares of AllianceBernstein have rallied 8.8% so far this year against 26.6% decline recorded by the Zacks Investment Research
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