04:33 PM EDT, 06/10/2026 (MT Newswires) -- AllianceBernstein's ( AB ) preliminary assets under management rose 2% to $899 billion at the end of May from $882 billion in April, driven by market appreciation that more than offset net client outflows, the company said late Wednesday.

The asset manager said May outflows were concentrated in its retail business, while institutional operations posted modest inflows and private wealth flows were roughly flat.

Equity assets increased to $370 billion in May from $360 billion a month earlier, fixed-income assets edged up to $315 billion from $313 billion, and alternatives and multi-asset solutions rose to $214 billion from $209 billion.