NASHVILLE, Tenn., Sept. 20,
2023 /PRNewswire/ -- AllianceBernstein Holding L.P.
(NYSE: AB) and AllianceBernstein L.P., a leading global investment
management and research firm, announced today the launch of AB U.S.
Large Cap Strategic Equities ETF (LRGC) as an active
exchange-traded fund (ETF) on the New York Stock Exchange (NYSE).
Global trading firm Jane Street will
be the Lead Market Maker on this product and will bring extensive
industry experience and pricing expertise to AB's ETFs.
"The launch of AB U.S. Large Cap Strategic Equities ETF
demonstrates our continued commitment to innovation and growth in
order to meet evolving client needs," said AB's Global Head of ETFs
and Portfolio Solutions Noel Archard.
The investment objective of LRGC is long-term growth of capital.
LRGC uses a research-driven stock selection process to identify
large-cap U.S. stocks with strong company fundamentals. LRGC is an
actively-managed equity portfolio. In managing LRGC, AB uses both
fundamental and quantitative research to determine the securities
in which to invest and to manage risk.
"We are thrilled to provide a new investment option for our
clients in one of our core U.S. equity strategies," said AB's Head
of Equities Christopher Hogbin. "With this new ETF, a broad range
of clients will have access to a compelling active equity strategy
delivered in a liquid, transparent and tax efficient vehicle."
The launch of LRGC marks the 7th ETF launch for AB since the
inception of the firm's first ETF in September 2022.
For more information and to learn more about AB's ETF platform,
visit www.alliancebernstein.com/go/etfs.
About AllianceBernstein
AllianceBernstein is a leading global investment management firm
that offers high-quality research and diversified investment
services to institutional investors, individuals, and private
wealth clients in major world markets. As of August 31, 2023,
AllianceBernstein had $694 billion in assets under
management. Additional information about AB may be found on our
website, www.alliancebernstein.com.
IMPORTANT INFORMATION:
Investing in
securities involves risk and there is no guarantee of
principal.
Investors should consider the investment
objectives, risks, charges, and expenses of the Fund/Portfolio
carefully before investing. For copies of our prospectus or summary
prospectus, which contain this and other information, visit us
online at www.alliancebernstein.com or contact your AB
representative. Please read the prospectus and/or summary
prospectus carefully before investing.
Shares of the ETF may be bought or sold throughout the day at
their market price on the exchange on which they are listed. The
market price of an ETF's shares may be at, above or below the ETF's
net asset value ("NAV") and will fluctuate with changes in the NAV
as well as supply and demand in the market for the shares. Shares
of the ETF may only be redeemed directly with the ETF at NAV by
Authorized Participants, in very large creation units. There can be
no guarantee that an active trading market for the Fund's shares
will develop or be maintained, or that their listing will continue
or remain unchanged. Buying or selling the Fund's shares on an
exchange may require the payment of brokerage commissions and
frequent trading may incur brokerage costs that detract
significantly from investment returns.
Equity Securities Risk: The Fund invests in
publicly traded equity securities, and their value may fluctuate,
sometimes rapidly and unpredictably, which means a security may be
worth more or less than when it was purchased. Capitalization
Risk: Investments in small- and mid-capitalization companies
may be more volatile than investments in large-capitalization
companies. Foreign (Non-U.S.) Investment Risk: Investments
in securities of non-U.S. issuers may involve more risk than those
of U.S. issuers. These securities may fluctuate more widely in
price and may be more difficult to trade than domestic securities
due to adverse market, economic, political, regulatory, or other
factors. Non-Diversification Risk: The Fund may have more
risk because it is "non-diversified", meaning that it can invest
more of its assets in a smaller number of issuers. Accordingly,
changes in the value of a single security may have a more
significant effect, either negative or positive, on the Fund's net
asset value than the NAV of a diversified fund. New Fund
Risk: The Fund is a recently organized fund, giving prospective
investors a limited track record on which to base their investment
decision.
AllianceBernstein L.P. (AB) is the investment adviser for
the Fund. Distributed by Foreside Fund Services, LLC. Foreside is
not related to AB.
The [A/B] logo is a registered
service mark of AllianceBernstein and AllianceBernstein® is a
registered service mark used by permission of the owner,
AllianceBernstein L.P.
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SOURCE AllianceBernstein