| 2017-01-11 16:11:08|
AB 16:11 01/11 01/11/17
AllianceBernstein reports preliminary AUM up 0.4% to $480B at December 31, 2016
AllianceBernstein reported preliminary assets under management increased to $480B during December 2016 from $478B at the end of November. The 0.4% increase was driven by market appreciation, which offset firmwide net outflows and the negative impact of currency fluctuations. By channel, outflows from Retail and Private Wealth more than offset net inflows to Institutions.