AllianceBernstein Holding L.P. (NYSE: AB) and AllianceBernstein L.P., a leading global investment management firm, announced today the launch of two actively managed exchange-traded funds (ETFs) on the New York Stock Exchange: AB Short Duration Income ETF [NYSE: SDFI] and AB Short Duration High Yield ETF [NYSE: SYFI]. Global trading firm Jane Street will be the Lead Market Maker on these products.
“When you observe the ETF market and the spectrum of investors in this space, you can see how active ETFs have really started to take root,” said AB Global Head of ETFs and Portfolio Solutions Noel Archard. “We’re excited to provide new ways for our clients to access allocation-friendly exposures in their portfolios.”
Details on the funds include:
- SDFI is an actively managed, short duration multisector bond ETF. The investment objective of AB Short Duration Income ETF is to seek high current income consistent with preservation of capital.
- SYFI is an actively managed, short duration high yield bond ETF. The investment objective of AB Short Duration High Yield ETF is to seek the highest level of income that is available without assuming what AB considers to be undue risk to principal.
“Today’s launch demonstrates AB’s robust global fixed income business, adding additional building blocks for efficient income,” says AB’s Head of Fixed Income Scott DiMaggio. “These conversion products offer a wrapper that is investment-model friendly, and we believe they will ultimately fit into client portfolios in multiple economic cycles.”
