AllianceBernstein introduced two new actively managed ETFs on November 10, 2025: the AB New York Intermediate Municipal ETF (NYM) and the AB Core Bond ETF (CORB). NYM targets New York municipal debt, while CORB focuses on taxable U.S. fixed‑income securities across the broader market.
Jane Street serves as the lead market maker for both funds, ensuring liquidity and execution quality for investors trading the new ETFs.
The active fixed‑income ETF lineup now exceeds $10 billion in assets, and the municipal platform manages $83 billion as of August 31, 2025. The municipal platform has grown from $35 billion in 2016 to $83 billion, underscoring AllianceBernstein’s deep expertise and client demand for municipal bonds.
NYM seeks to capture the breadth of New York municipal debt by targeting intermediate‑duration, high‑credit‑quality issuers and employing a blend of fundamental research and quantitative models. CORB pursues a diversified portfolio of investment‑grade U.S. bonds, aiming for a 5‑7 year duration, focusing on high‑quality credit and a mix of Treasury, agency, and corporate debt, with a target yield that balances income and capital preservation.
The actively managed fixed‑income ETF space is crowded, with competitors such as iShares, Vanguard, and BlackRock offering passive and active options. NYM and CORB differentiate through AllianceBernstein’s proprietary research, active credit selection, and a track record of outperforming benchmark indices in prior municipal and core bond funds.
Noel Archard, Global Head of ETFs & Portfolio Solutions, said the launches “expand our active fixed‑income offering and reinforce our leadership in municipal and taxable bond markets.” Scott DiMaggio, Head of Fixed Income, highlighted the firm’s 30‑year history and the municipal platform’s growth, noting that the new funds “provide investors with additional choice and flexibility while driving fee‑generating assets.”
Adding NYM and CORB strengthens AllianceBernstein’s fee‑generating pipeline, supports its broader growth objectives in private markets and insurance asset management, and positions the firm to capture demand from investors seeking active management in both tax‑exempt and taxable bond markets. The expanded ETF suite is expected to attract new investors, enhance fee income, and reinforce the firm’s differentiated research advantage.
The launch comes as the fixed‑income ETF market continues to grow, with investors seeking active management amid rising interest rates and credit market volatility. AllianceBernstein’s focus on high‑quality credit and disciplined duration management aims to deliver attractive risk‑adjusted returns in this environment.
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