AllianceBernstein Launches AB U.S. Large Cap Strategic Equities ETF (LRGC)

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AllianceBernstein Holding L.P. (NYSE: AB) and its subsidiary, AllianceBernstein L.P., a renowned global investment management and research firm, have unveiled the AB U.S. Large Cap Strategic Equities ETF (LRGC). This newly launched ETF is actively managed and listed on the New York Stock Exchange (NYSE), with Jane Street, a global trading firm, serving as the Lead Market Maker. LRGC represents AB’s ongoing commitment to innovation and expansion, addressing the evolving needs of its clients.

The primary investment objective of LRGC is to achieve long-term capital growth. It employs a research-driven stock selection process to identify large-cap U.S. stocks with robust company fundamentals. AB actively manages this equity portfolio, utilizing a combination of fundamental and quantitative research to select securities and manage risk effectively. With LRGC, investors gain access to a compelling active equity strategy within a liquid, transparent, and tax-efficient investment vehicle.

Noel Archard, AB’s Global Head of ETFs and Portfolio Solutions, emphasized that the launch of LRGC underscores the firm’s dedication to innovation and growth in response to the changing demands of its clientele. Christopher Hogbin, AB’s Head of Equities, expressed excitement about providing a new investment option in one of their core U.S. equity strategies, allowing a broad range of clients to access this compelling active equity approach.

ETF Newz Says:

This launch marks the seventh ETF introduced by AB since the inception of its first ETF in September 2022, showcasing its commitment to expanding its ETF offerings and catering to the evolving needs of investors.

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