MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, August 12, 2013 AllianceBernstein's AUM Rises Despite Outflows AllianceBernstein's [profile] assets under management rose last month, despite what the firm called "modestly negative" net flows. Today the New York City-based asset manager revealed in its monthly AUM update that its AUM rose 2.1 percent last month to $444 billion thanks mostly to market appreciation. The S&P 500 rose 4.9 percent in July. "Net inflows to Institutions more than offset outflows from Retail and Private Client," AllianceBernstein's update reads. Of that $444 billion on July 31, 51 percent was from the institutional channel, 33 percent from retail and 15 percent from private client. Printed from: MFWire.com/story.asp?s=45446 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |