Back to top
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Franklin Resources, Inc. (BEN) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Franklin Resources, Inc. (BEN) - free report >>
Image: Bigstock
AllianceBernstein (AB) Witnesses Marginal Rise in May AUM
AllianceBernstein Holding L.P. (AB - Free Report) announced assets under management (AUM) for May 2022. The company’s preliminary month-end AUM of $687 billion increased marginally from the end of April 2022. Slight market appreciation and total firm-wide net inflows resulted in the rise.
At the end of May, AllianceBernstein’s Equity AUM increased marginally sequentially to $303 billion. Alternatives/Multi-Asset Solutions AUM (including certain multi-asset services and solutions) was up 1% to $106 billion. Fixed Income AUM was $278 billion, which witnessed no change from the end of April 2022.
In terms of channel, month-end institutions AUM of $308 billion increased 1% from the previous month. Retail AUM was $269 billion, which decreased marginally from the prior-month end, while Private Wealth AUM remained unchanged at $110 billion.
AllianceBernstein’s global reach and solid AUM balance are likely to keep boosting top-line growth.
Over the past year, shares of the company have lost 6.7% compared with a 27.9% decline of the industry.
Image Source: Zacks Investment Research
Currently, AllianceBernstein carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Asset Managers
Franklin Resources, Inc. (BEN - Free Report) announced preliminary AUM for May 2022. BEN's month-end AUM of $1,445.9 billion marked a marginal decline from the previous month’s tally.
Franklin's AUM was affected by long-term net outflows, partially offset by the positive impact of the markets.
Invesco’s (IVZ - Free Report) preliminary AUM for May 2022 of $1,451.6 billion represented a 1.7% decline from the prior month-end levels. The company recorded net long-term outflows of $2.4 billion. Non-management fee-earning net outflows were $1.4 billion and money market net outflows were $26.7 billion. Foreign exchange rate movements increased the AUM balance by $0.5 billion.
For the month, IVZ’s AUM was positively impacted by favorable market returns, which increased the AUM by $6 billion.