NEW YORK, Nov. 18, 2010 /PRNewswire/ -- AllianceBernstein
L.P. today announced that it has launched the AllianceBernstein
International Discovery Equity Portfolio, which invests primarily
in a diversified portfolio of non-U.S. small- and
mid-capitalization companies. The Fund is listed under the ticker
symbol ADEAX.
Drawing on a global research platform that combines fundamental
and quantitative analysis, the new Fund employs a "bottom-up"
investment process that focuses on a company's prospective earnings
growth, valuation and quality of management. The Fund does not
target particular country or sector weightings in its stock
selections.
With the investment objective of seeking long-term growth of
capital, the Fund normally will hold the equity securities of
approximately 150 - 200 small- and mid-capitalization companies
outside of the U.S.
Liliana Dearth is leading the
team managing the Fund. Ms. Dearth has 19 years of experience as an
investment professional, with the past 11 years at
AllianceBernstein.
Investors should consider the investment objectives, risks,
charges and expenses of the Fund/Portfolio carefully before
investing. For copies of our prospectus or summary prospectus,
which contain this and other information, visit us online at
www.alliancebernstein.com or contact your
AllianceBernstein Investments representative. Please read the
prospectus and/or summary prospectus carefully before
investing.
Fund Risks to Consider:
Market Risk: The market values of the portfolio's
holdings rise and fall from day to day, so investments may lose
value. Capitalization Risk: Small- and mid-cap stocks
are often more volatile than large-cap stocks -- smaller companies
generally face higher risks due to their limited product lines,
markets and financial resources. Foreign (Non-US)
Risk: Investing in non-US securities may be more volatile
because of political, regulatory, market and economic uncertainties
associated with such securities. These risks are magnified in
securities of emerging or developing markets. Currency Risk:
If a non-US security's trading currency weakens versus the US
dollar, its value may be negatively affected when translated back
into US dollar terms. Derivatives Risk: Investing in
derivative instruments such as options, futures, forwards or swaps
can be riskier than traditional investments, and may be more
volatile, especially in a down market.
About AllianceBernstein
AllianceBernstein is a leading global investment management firm
that offers high-quality research and diversified investment
services to institutional investors, individuals and private
clients in major world markets.
At September 30, 2010,
AllianceBernstein Holding L.P. (NYSE: AB) owned approximately 36.7%
of the issued and outstanding AllianceBernstein Units and AXA, one
of the largest global financial services organizations, owned an
approximate 63.0% economic interest in AllianceBernstein.
Additional information about AllianceBernstein may be found on
our internet site, www.alliancebernstein.com.
AllianceBernstein Investments, Inc. (ABI) is the distributor of
the AllianceBernstein family of mutual funds. ABI is a member
of FINRA and is an affiliate of AllianceBernstein L.P., the manager
of the funds. AllianceBernstein® and the AB logo are registered
trademarks and service marks used by permission of the owner,
AllianceBernstein L.P.
© 2010 AllianceBernstein L.P.
SOURCE AllianceBernstein