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Stock impact report

AllianceBernstein Launches AB US Equity ETF (XCHG) on the New York Stock Exchange [Yahoo! Finance]

AllianceBernstein Holding L.P. Units (AB) 
Last alliancebernstein holding l.p. units earnings: 4/28 06:20 am Check Earnings Report
Company Research Source: Yahoo! Finance
management firm, announced today the launch of AB US Equity ETF (NYSE: XCHG), 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. "XCHG, the latest addition to our expanding suite of active ETFs, was developed in collaboration with our Bernstein Private Wealth Management team," said AB's Global Head of ETFs & Portfolio Solutions Noel Archard. "By leveraging the 351-exchange mechanism to seed XCHG, this launch exemplifies our firm's commitment to pairing investment expertise with optimal vehicle solutions to address client needs." The investment objective of XCHG is to seek long-term growth of capital. The Adviser seeks to achieve the ETF's investment objective by investing, under normal circumstances, at least 80% of its net assets in equity securities of U.S. companies. "The launch of XCHG reflects our ability to be on the cutting edge of tax advice to provide our clients with the Show less Read more
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