other material
confidence high
sentiment neutral
materiality 0.35
AB preliminary AUM rises to $777B in July; net outflows offset by market gains
ALLIANCEBERNSTEIN HOLDING L.P.
- AUM increased 1% to $777B from $770B at June 30, 2024, driven by market appreciation.
- Net outflows in Institutions and modest net outflows in Private Wealth offset solid Retail inflows.
- $12B of Private Placements reclassified from Taxable Fixed Income to Alternatives/Multi-Asset.
- Total Equity AUM $331B, Total Fixed Income $285B, Alternatives/Multi-Asset $161B.