AB

AB Discovery Growth A (CHCLX), a mid-cap growth mutual fund managed by AllianceBernstein, has received a Zacks Mutual Fund Rank of 1 (Strong Buy). However, the fund shows mixed performance metrics: weak 5-year returns (0.38%), higher volatility than peers, and negative alpha (-11.93%), indicating difficulty in outperforming benchmarks. Despite these concerns, its lower expense ratio (0.91%) and strong Zacks ranking suggest it may be worth considering for investors.

Equitable Holdings is diversifying its earnings base by expanding Wealth Management and Asset Management operations. In Q2 2026, Wealth Management achieved $2B in advisory net inflows with assets under administration rising 27% to $140.6B, while AllianceBernstein reported $0.8B in net inflows. The company is building a more fee-oriented earnings profile with less reliance on traditional insurance economics, positioning itself competitively against peers like Prudential and MetLife.