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AllianceBernstein's (AB) April AUM Rises on Strong Markets
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AllianceBernstein Holding L.P. (AB - Free Report) has announced assets under management (AUM) for April 2021. The company’s preliminary month-end AUM of $724 billion grew 3.9% from the prior month. Market appreciation, coupled with total firm wide net inflows, primarily drove this rise.
At the end of April, AllianceBernstein’s Equity AUM increased 6% sequentially to $316 billion. Also, Alternatives/Multi-Asset Solutions AUM (including certain multi-asset services and solutions) was up 6.9% to $93 billion. Further, Fixed Income AUM inched up 1% from March 2021 to $315 billion.
In terms of channel, month-end Institutions AUM of $326 billion was up 3.5% from the previous month. Meanwhile, retail AUM increased 4.4% on a sequential basis to $284 billion and Private Wealth AUM rose 3.6% to $114 billion.
AllianceBernstein’s global reach and solid assets balance are likely to boost top-line growth.
Performance of Other Asset Managers
Cohen & Steers (CNS - Free Report) has reported preliminary AUM of $92.8 billion, which reflects an increase of 6.7% from the prior-month level. Net inflows of $821 million and market appreciation of $5.2 billion were partially offset by distributions of $200 million.
Franklin Resources (BEN - Free Report) has recorded preliminary AUM balance of $1529.3 billion, highlighting 2% growth from $1498.9 billion recorded as of Mar 31, 2021.
Invesco’s (IVZ - Free Report) preliminary month-end AUM of $1,459 billion represents an increase of 3.9% from the prior month.
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AllianceBernstein's (AB) April AUM Rises on Strong Markets
AllianceBernstein Holding L.P. (AB - Free Report) has announced assets under management (AUM) for April 2021. The company’s preliminary month-end AUM of $724 billion grew 3.9% from the prior month. Market appreciation, coupled with total firm wide net inflows, primarily drove this rise.
At the end of April, AllianceBernstein’s Equity AUM increased 6% sequentially to $316 billion. Also, Alternatives/Multi-Asset Solutions AUM (including certain multi-asset services and solutions) was up 6.9% to $93 billion. Further, Fixed Income AUM inched up 1% from March 2021 to $315 billion.
In terms of channel, month-end Institutions AUM of $326 billion was up 3.5% from the previous month. Meanwhile, retail AUM increased 4.4% on a sequential basis to $284 billion and Private Wealth AUM rose 3.6% to $114 billion.
AllianceBernstein’s global reach and solid assets balance are likely to boost top-line growth.
Performance of Other Asset Managers
Cohen & Steers (CNS - Free Report) has reported preliminary AUM of $92.8 billion, which reflects an increase of 6.7% from the prior-month level. Net inflows of $821 million and market appreciation of $5.2 billion were partially offset by distributions of $200 million.
Franklin Resources (BEN - Free Report) has recorded preliminary AUM balance of $1529.3 billion, highlighting 2% growth from $1498.9 billion recorded as of Mar 31, 2021.
Invesco’s (IVZ - Free Report) preliminary month-end AUM of $1,459 billion represents an increase of 3.9% from the prior month.
Time to Invest in Legal Marijuana
If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.
After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%
You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.
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