Alembic file materials do not import into the editor when Find Materials is selected.
-Create Materials is also not creating materials for imported ABC asset.
-Asset was created in Maya 2016, unwrapped, and textured and exported with Write Face Sets
-Alembic from Maya does not look to support materials but the editor's import options suggest this is an available option
-This also occurs with static meshes
Expected: Material is imported when using Find Materials under Materials when importing an ABC file exported with Face Sets
Result: Materials do not import into the editor with ABC file when imported as a standard Alembic file or a Geometry Cache(with Write Face Sets selected on export from Maya 2016) and Find Materials is selected
There's no existing public thread on this issue, so head over to Questions & Answers just mention UE-60036 in the post.