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AllianceBernstein’s (NYSE:AB) preliminary assets under management, posted on Thursday, rose 2% to $791B at the end of August from $777B at the end of July.
The monthly increase was helped by market appreciation, partially offset by net outflows, the company said.
By channel, institutional net outflows outweighed retail net inflows, while private wealth net flows were flattish.
(AB) shares edged up 0.3% in after-hours trading.
