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AllianceBernstein November AUM Up on Inflows & Market Gains
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AllianceBernstein Holding L.P. (AB - Free Report) has announced assets under management (AUM) for November 2019. The company’s preliminary month-end AUM of $611 billion increased 1.7% from the prior month. Total net inflows and favorable markets were the primary reasons for this rise.
At the end of the reported month, AllianceBernstein’s Equity AUM grew 3.1% sequentially to $230 billion. Fixed Income AUM increased nearly 1% from October 2019 to $311 billion. Others AUM (including certain multi-asset services and solutions, and certain alternative investments) was up 1.5% to $70 billion.
By channel, month-end Institutions AUM of $278 billion was up 1.1% from October. Retail AUM increased 2.2% on a sequential basis to $233 billion while Private Wealth AUM rose 2% to $100 billion.
Improvement in AUM and higher revenues are expected to support AllianceBernstein’s financials. Over the past six months, the stock has gained 5% against the industry’s decline of 3.7%.
AllianceBernstein currently carries a Zacks Rank #4 (Sell).
Cohen & Steers (CNS - Free Report) reported preliminary AUM of $71.2 billion as of Nov 30, 2019, down 1.1% from the prior-month level. Net inflows of $630 million were more than offset by market depreciation of $656 million and distributions of $758 million.
Franklin Resources (BEN - Free Report) announced preliminary AUM by its subsidiaries of $691.3 billion for November 2019. Results display marginal decrease from the $693.1 billion recorded in the prior month. Net outflows were partly offset by net market gains.
Invesco’s (IVZ - Free Report) preliminary month-end AUM of $1,201.9 billion for November 2019 inched up 0.6% from the prior month. This upside stemmed from favorable market returns and non-management fee earning AUM.
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AllianceBernstein November AUM Up on Inflows & Market Gains
AllianceBernstein Holding L.P. (AB - Free Report) has announced assets under management (AUM) for November 2019. The company’s preliminary month-end AUM of $611 billion increased 1.7% from the prior month. Total net inflows and favorable markets were the primary reasons for this rise.
At the end of the reported month, AllianceBernstein’s Equity AUM grew 3.1% sequentially to $230 billion. Fixed Income AUM increased nearly 1% from October 2019 to $311 billion. Others AUM (including certain multi-asset services and solutions, and certain alternative investments) was up 1.5% to $70 billion.
By channel, month-end Institutions AUM of $278 billion was up 1.1% from October. Retail AUM increased 2.2% on a sequential basis to $233 billion while Private Wealth AUM rose 2% to $100 billion.
Improvement in AUM and higher revenues are expected to support AllianceBernstein’s financials. Over the past six months, the stock has gained 5% against the industry’s decline of 3.7%.
AllianceBernstein currently 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
Cohen & Steers (CNS - Free Report) reported preliminary AUM of $71.2 billion as of Nov 30, 2019, down 1.1% from the prior-month level. Net inflows of $630 million were more than offset by market depreciation of $656 million and distributions of $758 million.
Franklin Resources (BEN - Free Report) announced preliminary AUM by its subsidiaries of $691.3 billion for November 2019. Results display marginal decrease from the $693.1 billion recorded in the prior month. Net outflows were partly offset by net market gains.
Invesco’s (IVZ - Free Report) preliminary month-end AUM of $1,201.9 billion for November 2019 inched up 0.6% from the prior month. This upside stemmed from favorable market returns and non-management fee earning AUM.
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Would you like to see the updated picks from our best market-beating strategies? From 2017 through Q3 2019, while the S&P 500 gained +39.6%, five of our strategies returned +51.8%, +57.5%, +96.9%, +119.0%, and even +158.9%.
This outperformance has not just been a recent phenomenon. From 2000 – Q3 2019, while the S&P averaged +5.6% per year, our top strategies averaged up to +54.1% per year.
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