AllianceBernstein's (AB) January AUM Up on Market Appreciation

Group 1: AllianceBernstein's AUM Performance - AllianceBernstein reported preliminary assets under management (AUM) of $726 billion for January 2024, showing a slight increase from December 2023 [1] - The increase in AUM was primarily driven by market gains, although it was partially offset by net outflows [1] - Equity AUM remained stable at $309 billion, while Alternatives/Multi-Asset Solutions AUM rose to $136 billion, and Fixed Income AUM stayed at $281 billion [1] Group 2: Channel Performance - Institutional AUM decreased by 1.3% to $313 billion, while Retail AUM increased by 1.4% to $291 billion [1] - Private Wealth AUM saw a marginal increase to $122 billion compared to December 2023 [1] Group 3: Market Context and Competitors - AllianceBernstein's global reach and solid AUM balance are expected to enhance top-line growth, despite rising operating costs and a challenging environment [2] - Over the past six months, AllianceBernstein shares have increased by 14.1%, lagging behind the industry average of 21.9% [2] - Competitor Cohen & Steers reported a decline in AUM to $79.3 billion, down 4.6% due to net outflows and market depreciation [5] - Invesco announced a preliminary AUM of $1,583.9 billion, reflecting a slight decline from the previous month, impacted by unfavorable market returns and foreign exchange effects [6]