Masters in Business · Friday, September 11, 2026
Seth Bernstein stated that Alliance Bernstein will not launch another mutual fund in the U.S., indicating a strong focus on Exchange Traded Funds (ETFs) and separately managed accounts (SMAs) as the preferred vehicles for clients.
“But we're not going to launch another mutual fund in the U.S.”
“I think it'll all be ETS, unless the asset class doesn't suit it for the liquidity constituency of it. But I think it will be the vehicle of choice along with separately managed accounts. I think those will be the two wrappers we really focus on.”