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AllianceBernstein's (AB) May AUM Improves on Strong Markets
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AllianceBernstein Holding L.P. (AB - Free Report) has announced assets under management (AUM) for May 2021. The company’s preliminary month-end AUM of $731 billion grew 1% from the prior month. Market appreciation, along with total firm wide net inflows, mainly drove the rise.
At the end of May, AllianceBernstein’s Equity AUM increased 1.3% sequentially to $320 billion. Also, Alternatives/Multi-Asset Solutions AUM (including certain multi-asset services and solutions) was up 2.2% to $95 billion. Further, Fixed Income AUM inched up marginally from April 2021 to $316 billion.
In terms of channel, month-end Institutions AUM of $330 billion was up 1.2% from the previous month. Retail AUM increased 1.1% on a sequential basis to $287 billion while Private Wealth AUM was stable at $114 billion.
AllianceBernstein’s global reach and solid assets balance are likely to boost top-line growth.
Shares of AllianceBernstein grew 42% over the past six months, outperforming the 26.7% rally of the industry.
Cohen & Steers (CNS - Free Report) has reported preliminary AUM of $94.2 billion as of May 31, 2021, which reflects an increase of 1.5% from the prior-month level. Net inflows of $760 million and market appreciation of $815 million were partially offset by distributions of $201 million.
Franklin Resources (BEN - Free Report) reported preliminary AUM of $1,543.5 billion for May 2021. This reflected almost 1% growth from the $1,529.3 billion recorded as of Apr 30, 2021.
Invesco’s (IVZ - Free Report) preliminary AUM of May 2021 was $1,505.1 billion, which represents an increase of 3.2% from the prior month. The rise was driven by solid inflows, favorable markets and foreign exchange.
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AllianceBernstein's (AB) May AUM Improves on Strong Markets
AllianceBernstein Holding L.P. (AB - Free Report) has announced assets under management (AUM) for May 2021. The company’s preliminary month-end AUM of $731 billion grew 1% from the prior month. Market appreciation, along with total firm wide net inflows, mainly drove the rise.
At the end of May, AllianceBernstein’s Equity AUM increased 1.3% sequentially to $320 billion. Also, Alternatives/Multi-Asset Solutions AUM (including certain multi-asset services and solutions) was up 2.2% to $95 billion. Further, Fixed Income AUM inched up marginally from April 2021 to $316 billion.
In terms of channel, month-end Institutions AUM of $330 billion was up 1.2% from the previous month. Retail AUM increased 1.1% on a sequential basis to $287 billion while Private Wealth AUM was stable at $114 billion.
AllianceBernstein’s global reach and solid assets balance are likely to boost top-line growth.
Shares of AllianceBernstein grew 42% over the past six months, outperforming the 26.7% rally of the industry.
Currently, AllianceBernstein carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Asset Managers
Cohen & Steers (CNS - Free Report) has reported preliminary AUM of $94.2 billion as of May 31, 2021, which reflects an increase of 1.5% from the prior-month level. Net inflows of $760 million and market appreciation of $815 million were partially offset by distributions of $201 million.
Franklin Resources (BEN - Free Report) reported preliminary AUM of $1,543.5 billion for May 2021. This reflected almost 1% growth from the $1,529.3 billion recorded as of Apr 30, 2021.
Invesco’s (IVZ - Free Report) preliminary AUM of May 2021 was $1,505.1 billion, which represents an increase of 3.2% from the prior month. The rise was driven by solid inflows, favorable markets and foreign exchange.
+1,500% Growth: One of 2021’s Most Exciting Investment Opportunities
In addition to the stocks you read about above, would you like to see Zacks’ top picks to capitalize on the Internet of Things (IoT)? It is one of the fastest-growing technologies in history, with an estimated 77 billion devices to be connected by 2025. That works out to 127 new devices per second.
Zacks has released a special report to help you capitalize on the Internet of Things’s exponential growth. It reveals 4 under-the-radar stocks that could be some of the most profitable holdings in your portfolio in 2021 and beyond.
Click here to download this report FREE >>