AllianceBernstein Finalizes Two New ETF Conversions

Core Insights - AllianceBernstein has launched two new actively managed ETFs, AB Short Duration Income ETF (SDFI) and AB Short Duration High Yield ETF (SYFI), increasing its total ETF offerings to 14 products [1][2] - The new ETFs aim to provide clients with allocation-friendly exposures, focusing on high current income while preserving capital [2][3] - AllianceBernstein's total assets under management (AUM) have surpassed $737 billion, with its ETF platform exceeding$2 billion in AUM [3][4] Company Overview - AllianceBernstein is a leading global investment management firm that offers diversified investment services to institutional investors, individuals, and private wealth clients [4] - The firm emphasizes its robust global fixed income business, which is enhanced by the introduction of these new ETFs [3] Product Details - SDFI is designed to seek high current income while preserving capital, focusing on short duration multisector bonds [2] - SYFI aims to achieve the highest level of income available without assuming undue risk to principal, targeting short duration high yield bonds [2]