ILOW is AB's fifteenth actively managed
ETF
NASHVILLE, Tenn., July 15,
2024 /PRNewswire/ -- AllianceBernstein Holding L.P.
(NYSE: AB) and AllianceBernstein L.P. ("AB"), a leading global
investment management firm, announced today the launch of AB
International Low Volatility Equity ETF (ILOW) as an actively
managed exchange-traded fund (ETF) on the New York Stock Exchange.
Global trading firm Jane Street is
the Lead Market Maker for the fund.
"With the launch of our 15th ETF, we look forward to
continuing our commitment to creating model-friendly products that,
we believe, fit client needs in periods of growth and volatility,"
said AB's Global Head of ETFs and Portfolio Solutions Noel Archard.
"ILOW will allow investors to tap into additional investment
opportunities with exposures beyond the U.S."
ILOW is an actively managed ETF whose investment objective is to
seek long-term growth of capital. The Fund invests primarily
in large-cap and mid-cap non-U.S. companies. AB seeks to manage the
Fund so that it is subject to less share price volatility than many
other international strategies.
"AllianceBernstein has had a large presence managing assets in
the equities space for many years, and we believe this launch only
strengthens our position," said AB's Head of Equities Nelson Yu.
"We believe our tenured team of investment professionals possess an
in-depth understanding of market cycles that complement this
launch, making it a natural extension of our existing
capabilities."
For more information and to learn more about AB's ETF platform,
which has surpassed $3 billion in
active ETF AUM, visit www.alliancebernstein.com/go/etfs.
About AllianceBernstein
AllianceBernstein is a leading global investment management firm
that offers diversified investment services to institutional
investors, individuals, and private wealth clients in major world
markets. As of June 30, 2024, AllianceBernstein had $769
billion in assets under management. Additional information
about AB may be found on our
website, www.alliancebernstein.com.
Disclosures
Investing in securities involves
risk, and there is no guarantee of
principal.
Investors should consider the
investment objectives, risks, fees 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.
Market Risk: The value of the Fund's assets will
fluctuate as the market or markets in which the Fund invests
fluctuate. The value of the Fund's investments may decline,
sometimes rapidly and unpredictably, simply because of economic
changes or other events, including public health crises (including
the occurrence of a contagious disease or illness), interest rate
levels, and regional and global conflicts, that affect large
portions of the market. It includes the risk that a particular
style of investing may be underperforming the market
generally. 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.
These fluctuations can be based on a variety of factors including a
company's financial condition as well as macro-economic factors
such as interest rates, inflation rates, global market conditions,
and non-economic factors such as market perceptions and social or
political events. Foreign (Non-U.S.) Investments
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. Currency
Risk: Fluctuations in currency exchange rates may
negatively affect the value of the Fund's investments or reduce its
returns. Capitalization Risk: Investments in
mid-capitalization companies may be more volatile than investments
in large-capitalization companies. Investments in
mid-capitalization companies may have additional risks because
these companies have limited product lines, markets or financial
resources. Derivatives Risk: Derivatives may be
difficult to price or unwind and may be leveraged so that small
changes may produce disproportionate losses for the Fund. A short
position in a derivative instrument involves the risk of a
theoretically unlimited increase in the value of the underlying
asset, reference rate or index, which could cause the Fund to
suffer a potentially unlimited loss. Derivatives, especially
over-the-counter derivatives, are also subject to counterparty
risk, which is the risk that the counterparty (the party on the
other side of the transaction) on a derivative transaction will be
unable or unwilling to honor its contractual obligations to the
Fund. ETF Share Price and Net Asset Value
Risk: The Fund's shares are listed for trading on the NYSE
Arca, Inc. (the "Exchange"). Shares are generally bought and sold
in the secondary market at market prices. The net asset value
("NAV") per share of the Fund will fluctuate with changes in the
market value of the Fund's holdings. The Fund's NAV is calculated
once per day, at the end of the day. The market price of a share on
the Exchange could be higher than the NAV (premium), or lower than
the NAV (discount) and may fluctuate during the trading day. When
all or a portion of the Fund's underlying securities trade in a
market that is closed when the market for the Fund's shares is
open, there may be differences between the current value of a
security and the last quoted price for that security in the closed
local market, which could lead to a deviation between the market
value of the Fund's shares and the Fund's NAV. Disruptions in the
creations and redemptions process or the existence of extreme
market volatility could result in the Fund's shares trading above
or below NAV. As the Fund may invest in securities traded on
foreign exchanges, Fund shares may trade at a larger premium or
discount to the Fund's NAV per share than shares of other ETFs. In
addition, in stressed market conditions, the market for Fund shares
may become less liquid in response to deteriorating liquidity in
the markets for the Fund's underlying portfolio holdings.
Authorized Participant Risk: Only a limited number of
financial institutions that enter into an authorized participant
relationship with the Fund ("Authorized Participants") may engage
in creation or redemption transactions. If the Fund's Authorized
Participants decide not to create or redeem shares, Fund shares may
trade at a larger premium or discount to the Fund's NAV per share,
or the Fund could face trading halts or de-listing. Active
Trading Market Risk: There is no guarantee that an active
trading market for Fund shares will exist at all times. In times of
market stress, markets can suffer erratic or unpredictable trading
activity, extraordinary volatility or wide bid/ask spreads, which
could cause some market makers and Authorized Participants to
reduce their market activity or "step away" from making a market in
ETF shares. Market makers and Authorized Participants are not
obligated to place or execute purchase and redemption orders. This
could cause the Fund's market price to deviate, materially, from
the NAV, and reduce the effectiveness of the ETF arbitrage process.
Any absence of an active trading market for Fund shares could lead
to a heightened risk that there will be a difference between the
market price of a Fund share and the underlying value of the Fund
share. Management Risk: The Fund is subject to
management risk because it is an actively-managed ETF. The Adviser
will apply its investment techniques and risk analyses in making
investment decisions, but there is no guarantee that its techniques
will produce the intended results.
AllianceBernstein L.P. (AB) is the investment advisor for the
Funds.
Distributed by Foreside Fund Services, LLC. Foreside is not related
to AB.
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SOURCE AllianceBernstein