AllianceBernstein Expands ETF Range with New Fixed Income Offerings

AllianceBernstein Strengthens Its ETF Portfolio

AllianceBernstein Holding L.P. and AllianceBernstein L.P., renowned for their prowess in global investment management, have made an exciting announcement regarding the launch of two new actively managed exchange-traded funds (ETFs). The new funds, named AB New York Intermediate Municipal ETF (NYM) and AB Core Bond ETF (CORB), are designed to enhance the firm’s existing fixed income offerings, now totaling over $5.5 billion in this sector.

The announcement, made from Nashville, Tennessee, marks a significant step forward in AllianceBernstein's ongoing commitment to providing innovative investment solutions. The Global Head of ETFs, Noel Archard, expressed enthusiasm for the new ETFs, highlighting how NYM aims to cater specifically to New York residents by maximizing total return while accounting for various taxes. On the other hand, CORB is positioned to provide a moderate to high rate of current income while ensuring the safety of principal.

This development signifies a strategic introduction into the municipal bond market as well as a valuable option for investors seeking actively managed taxable fixed income exposure. Over the years, AllianceBernstein’s municipal market platform has seen exponential growth, from managing $35 billion in assets in 2016 to over $83 billion today—a testament to their expertise and industry leadership.

With the launch of NYM and CORB, AllianceBernstein is not just broadening its ETF lineup; it is also reinforcing its stance as a leader in the Fixed Income markets. Scott DiMaggio, the Head of Fixed Income at AB, emphasized the significance of innovation and rigorous research in developing these new offerings. Additionally, the Muni platform was recently honored with the Industry Award for Asset Manager of the Year by Money Management Institute/Barron's, recognizing the firm’s unwavering dedication to achieving the best outcomes for their clients.

Investors should be aware that, as with any investment product, there are risks involved in securities investments. AllianceBernstein encourages potential investors to consider investment objectives, risks, charges, and expenses associated with these new funds before making an investment decision. Detailed insights are available through their online resources, including prospectuses that outline critical information regarding each fund.

In summary, AllianceBernstein's latest ETF offerings represent a commitment to providing investors with diverse options that meet evolving market demands. With reputable expertise in the field and significant growth in both municipal and fixed-income markets, AllianceBernstein continues to position itself strategically within the investment landscape. For more information about their ETF platform, you can visit AllianceBernstein's website.