AllianceBernstein Enhances ETF Offerings with Two New Fixed Income Conversions

Core Insights - AllianceBernstein Holding L.P. and AllianceBernstein L.P. launched two actively managed ETFs: AB New York Intermediate Municipal ETF (NYM) and AB Core Bond ETF (CORB) on the NYSE [1][2] - The launch of these ETFs is part of AllianceBernstein's strategy to expand its $2.5 billion suite of innovative investment solutions in the municipal market and to enhance its offerings in Active Taxable Fixed Income [2] Fund Details - NYM aims to provide safety of principal and maximize total return after considering federal, state, and local taxes for New York residents, while CORB seeks to provide safety of principal and a moderate to high rate of current income [7] - AllianceBernstein's Active Fixed Income ETFs have grown to over $5.5 billion, indicating strong demand for these investment products [2] Market Position - AllianceBernstein's municipal platform has seen its assets under management (AUM) grow from $35 billion in 2016 to over $83 billion as of August 31, 2025, showcasing the firm's expertise in the fixed income market [2][4] - The firm was recently awarded the Money Management Institute / Barron's 2025 Industry Award for Asset Manager of the Year in the Retail Advisory category, highlighting its commitment to delivering optimal outcomes for clients [2]