AB’s five-part Strategy is: Deliver, Diversify, and Expand, Responsibly, with Equitable
In 2021, we made good progress on our strategy:
Deliver superior investment solutions to clients: In 2021 investment performance improved, with 73% of Equities and 89% of Fixed Income Assets Under Management outperforming in 2021.
Diversify our services: We launched multiple products including Global Disruptors, Concentrated Asia Growth, Short Duration Income, Asia High Yield, Global Equity Income, Multi-Asset Income, as well as multiple ESG strategies; in Alternatives: Real Estate Equity Plus, CRED Private Debt Fund, EU CRED Platform
1.5 degree team onboarded (Climate L/S equity) & PWM Partnership w/ LSV (Secondaries)
Expand: US Retail distribution SMA sales +>40%, we accelerated new Advisor hiring in Private Wealth, and our China FMC project is progressing
Responsibly: Portfolios with Purpose grew to $31.5B, +91% Y/Y; new Sustainable launches included: Sustainable Income, Sustainable US Thematic Credit, Sustainable Climate Solutions, Global Low Carbon, Sustainable EM Debt; and Municipal Impact invested in bond projects benefitting underserved communities, +33% Y/Y
with Equitable: EQH committed to allocating $10 billion of permanent capital to AB’s illiquid platform to further improve risk adjusted return of its General Account, through seeding new alternative business at AB—a “Virtuous Cycle”