AllianceBernstein (AB) announced that preliminary assets under management increased to $813B during November from $793B at the end of October. The 2.5% increase in month-end AUM was driven by market appreciation, partially offset by net outflows. By channel, net inflows in Retail and Private Wealth were outweighed by Institutional net outflows.
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Read More on AB:
- AllianceBernstein price target lowered to $36 from $39 at Barclays
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- AllianceBernstein reports preliminary AUM $793B as of October 31
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