NEW YORK, July 12, 2017 /PRNewswire/ -- AllianceBernstein L.P.
("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management
increased to $516 billion during June 2017 from $512 billion at the end of May. The 0.8% increase was the result of positive net flows in all three client
channels, as well as market appreciation.
AB (The Operating Partnership)
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Assets Under Management ($ in Billions)
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At June 30, 2017
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At May 31
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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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30
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$
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50
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$
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45
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$
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125
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$
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123
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Passive
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20
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30
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—
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50
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50
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Total Equity
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50
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80
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45
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175
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173
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Fixed Income
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Taxable
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157
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69
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10
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236
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235
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Tax-Exempt
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2
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14
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23
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39
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39
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Passive
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—
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10
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—
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10
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10
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Total Fixed Income
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159
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93
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33
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285
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284
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Other(1)
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44
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4
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8
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56
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55
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Total
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$
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253
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$
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177
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$
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86
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$
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516
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$
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512
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At May 31, 2017
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Total
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$
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250
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$
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176
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$
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86
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$
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512
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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 and Form 10-Q for the quarter ended March 31, 2017. 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 June 30, 2017, AB Holding owned approximately 35.2% of the issued and outstanding AB
Units and AXA, a worldwide leader in financial protection, owned an approximate 64.6% economic interest in AB.
Additional information about AB may be found on our website, www.abglobal.com .
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SOURCE AB