Despite the challenges that 2020 presented, including the unprecedented impact of the global pandemic and a major market sell-off early in the year, AB continued to advance on key strategic initiatives:
Deliver superior investment solutions to clients. As of December 31, 2020, 61% of our active equity assets and 62% of our fixed-income assets were in services that were outperforming over trailing three-year periods.
Develop, commercialize and scale differentiated services. We continued to see strong organic growth in our active equity services while making commercial progress in both established and growth platforms across all business channels.
Maintain strong incremental margins. By being diligent in managing our costs while growing the business, we were able to sharply increase our adjusted operating margin in 2020, which boosted our adjusted earnings per unit by 15% year over year.