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Masters in Business · Friday, September 11, 2026

Seth Bernstein: Shift Away from Mutual Funds Towards ETFs

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.

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The tape

2 quotes
“But we're not going to launch another mutual fund in the U.S.”
Seth Bernstein
“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.”
Seth Bernstein
Heard on Masters in Business — “Finding Stability in Investing: Masters in Business with Seth Bernstein”, published Friday, September 11, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.
Transcribed via publisher transcript · $0.00
Seth Bernstein: Shift Away from Mutual Funds Towards ETFs — Heardvine