AllianceBernstein Launches Five New Active ETFs
NASHVILLE, Tenn., Dec. 13, 2023 /PRNewswire/ -- AllianceBernstein Holding L.P. (NYSE: AB) and AllianceBernstein L.P., a leading global investment management and research firm, announced today the launch of five active exchange-traded funds (ETFs) on the NASDAQ and New York Stock Exchange (NYSE) Arca: AB Conservative Buffer ETF [NASDAQ: BUFC], AB Tax-Aware Intermediate Municipal ETF [NYSE: TAFM], AB Tax-Aware Long Municipal ETF [NYSE: TAFL], AB Corporate Bond ETF [NASDAQ: EYEG], and AB Core Plus Bond ETF [NASDAQ: CPLS].
- "On the heels of crossing the $1 billion threshold in active ETF AUM, these new ETFs will provide clients with a broadened suite of versatile products, built to help investors navigate the evolving market cycles we see coming in 2024 and beyond," said AB's Global Head of ETFs and Portfolio Solutions Noel Archard.
- BUFC invests in a combination of exchange-traded options contracts on an underlying ETF (an ETF that seeks to track the investment results of the S&P 500 Index*).
- BUFC distinguishes itself from other buffered products with option resets done on a rolling basis, a proprietary ratchet feature and dynamic first loss provision.
- Each of TAFM and TAFL pursues its objective by investing principally in a national portfolio of both municipal and taxable fixed-income securities.