NEW YORK, April 12, 2017 /PRNewswire/ -- AllianceBernstein
L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management
remained flat in March at $498 billion. Market appreciation offset total firmwide net outflows,
driven entirely by one large redemption in the Institutions channel. The Retail and Private Wealth Management channels were both
net flow positive during the month.
AB (The Operating Partnership)
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Assets Under Management ($ in Billions)
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At March 31, 2017
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At Feb 28
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2017
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Private
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Institutions
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Retail
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Wealth
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Total
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Total
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Equity
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Actively Managed
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$
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28
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$
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48
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$
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43
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$
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119
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$
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118
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Passive
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20
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29
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—
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49
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49
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Total Equity
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48
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77
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43
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168
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167
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Fixed Income
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Taxable
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153
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65
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10
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228
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229
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Tax-Exempt
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2
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14
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22
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38
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38
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Passive
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1
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9
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1
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11
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11
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Total Fixed Income
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156
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88
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33
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277
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278
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Other(1)
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41
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4
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8
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53
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|
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53
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Total
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$
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245
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$
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169
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$
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84
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$
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498
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$
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498
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At February 28, 2017
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Total
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$
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247
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$
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167
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$
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84
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$
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498
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(1) Includes certain multi-asset services and solutions and certain
alternative investments.
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Cautions Regarding Forward-Looking Statements
Certain statements provided by management in this news release are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, uncertainties and other
factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking
statements. The most significant of these factors include, but are not limited to, the following: the performance of
financial markets, the investment performance of sponsored investment products and separately-managed accounts, general economic
conditions, industry trends, future acquisitions, competitive conditions, and current and proposed government regulations,
including changes in tax regulations and rates and the manner in which the earnings of publicly-traded partnerships are taxed. AB
cautions readers to carefully consider such factors. Further, such forward-looking statements speak only as of the date on
which such statements are made; AB undertakes no obligation to update any forward-looking statements to reflect events or
circumstances after the date of such statements. For further information regarding these forward-looking statements and the
factors that could cause actual results to differ, see "Risk Factors" and "Cautions Regarding Forward-Looking Statements" in AB's
Form 10-K for the year ended December 31, 2016. Any or all of the forward-looking statements made
in this news release, Form 10-K, Forms 10-Q, other documents AB files with or furnishes to the SEC and any other public
statements issued by AB, may turn out to be wrong. It is important to remember that other factors besides those listed in
"Risk Factors" and "Cautions Regarding Forward-Looking Statements", and those listed above, could also adversely affect AB's
financial condition, results of operations and business prospects.
About AB
AB is a leading global investment management firm that offers high-quality research and diversified investment services to
institutional investors, individuals and private wealth clients in major world markets.
At March 31, 2017, AB Holding owned approximately 35.9% of the issued and outstanding AB
Units and AXA, a worldwide leader in financial protection, owned an approximate 63.8% economic interest in AB.
Additional information about AB may be found on our website, www.abglobal.com.
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SOURCE AB