AllianceBernstein (AB) Holding and AllianceBernstein L.P. announced the launch of AB US Equity ETF, an actively managed exchange-traded fund on the New York Stock Exchange, NYSE. “XCHG, the latest addition to our expanding suite of active ETFs, was developed in collaboration with our Bernstein Private Wealth Management team,” said AB’s Global Head of ETFs & Portfolio Solutions Noel Archard. “By leveraging the 351-exchange mechanism to seed XCHG, this launch exemplifies our firm’s commitment to pairing investment expertise with optimal vehicle solutions to address client needs.”
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