AllianceBernstein reported $534.9 billion in assets under management as of Sept. 30, up 3.5% from June 30 and up 9.1% from Sept. 30, 2016, the company's earnings statement said Wednesday.
Total net inflows were $4.5 billion in the third quarter, compared to net inflows of $4.7 billion in the previous quarter and net outflows of $15.3 billion in the prior-year period.
Net inflows to the institutional channel were $1.4 billion in the third quarter, compared to net inflows of $1.2 billion in the prior quarter. Institutional net outflows were $9.9 billion for the quarter ended Sept. 30, 2016, according to a previous earnings statement
Broken down by asset class, taxable fixed income experienced $3.7 billion in inflows, while active equities saw $900 million in inflows, and other strategies, including certain multiasset-class solutions and services and certain alternative investments, saw $400 million in inflows. Passive equities, meanwhile, experienced $300 million in net outflows during the quarter ended Sept. 30, while both tax-exempt fixed income and passive fixed income each experienced $100 million in outflows.