AllianceBernstein Holding L.P. (NYSE: AB) launched its first actively managed U.S. equity exchange‑traded fund, the AB US Equity ETF (ticker XCHG), on December 15 2025. The fund is designed to pursue long‑term capital growth by investing at least 80 % of its net assets in U.S. equities, with the remaining portion allocated to complementary securities to support liquidity and risk management.
The ETF is listed on the New York Stock Exchange and is supported by Jane Street, which serves as the lead market maker. The launch was developed in collaboration with the firm’s Bernstein Private Wealth Management team, underscoring AB’s strategy of leveraging internal expertise to create new investment vehicles.
XCHG joins AB’s growing suite of 23 U.S. ETFs, which collectively manage more than $13 billion in assets as of December 15 2025. The firm crossed $10 billion in active‑ETF assets in October 2025, reflecting a broader industry shift toward actively managed ETFs and AB’s focus on expanding fee‑generating assets in this space.
By adding XCHG to its lineup, AllianceBernstein broadens its active equity offering and provides investors with a vehicle that combines the firm’s research‑driven approach with the tax advantages and cost structure of an ETF. The product launch is expected to enhance fee‑generating assets and deepen AB’s presence in the actively managed equity market, positioning the firm to capture growing demand for active ETFs.
Noel Archard, AB’s Global Head of ETFs & Portfolio Solutions, said the launch “is the latest addition to our expanding suite of active ETFs and exemplifies our commitment to pairing investment expertise with optimal vehicle solutions to address client needs.” Alex Chaloff, Bernstein’s Chief Investment Officer, highlighted the focus on “tax efficiency and strategic asset allocation to optimize clients’ portfolios.”
The launch comes at a time when the ETF industry is maturing and actively managed ETFs are gaining traction. AB’s active‑ETF assets have grown steadily, and XCHG’s addition is expected to contribute to the firm’s fee‑growth trajectory while reinforcing its competitive positioning in the U.S. equity space.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.