NEW YORK and TORONTO, April 4,
2019 /CNW/ -- AllianceBernstein L.P. (AB), a leading
global investment firm, today announced the launch of two new
Canadian Trust Funds (CTFs): the AB Canada Concentrated
Global Equity Fund and the AB Canada Global Core
Equity Fund. The new funds will be launched in the
second quarter of 2019, growing AB's suite of CTFs to eight funds.
Today's announcement follows the successful launch of the AB
Canada Global Strategic Core Equity Fund and the AB
Canada Emerging Markets Strategic Core Equity Fund, in
2018.
The AB CTFs are designed to provide qualified institutional
investors a diverse set of solutions based on differentiated,
high-conviction fundamental research and disciplined investment
processes.
"After the success of our Global and Emerging Markets Strategic
Core Equity Fund launches, we're thrilled to expand AB's suite of
CTF solutions. This mix of global equities strategies will give our
Canadian institutional partners a wider range of options, all of
which are backed by AB's deep fundamental research and
high-conviction active management philosophy," said AB CIO for
Concentrated Global Growth Mark Phelps.
"AllianceBernstein has been working with Canadian investors
since the 1970s and continually evolves alongside the investment
landscape," said Wendy Brodkin,
Managing Director for AB in Toronto. "Whether it is hedging against
downside risk, reducing factor biases, or developing a concentrated
active strategy, AB's suite of best-in-class strategies address a
wide variety of needs for Canadian institutions."
Details on AB's three Global CTF strategies are included
below:
AB Canada Concentrated Global Equity Fund
- Seeks to achieve returns in line with the earnings growth of
the companies we are invested in outperforming its benchmark
in the medium and long term.
- The portfolio focuses on roughly 35 high-quality stocks with
underappreciated long-term growth potential, selected from a
research-intensive universe of 100 stocks and screened for ESG
factors
AB Canada Global Strategic Core Equity Fund
- Seeks to outperform global equities while emphasizing downside
protection with a target up-market capture of 90% and a down-market
capture of 70%
- The portfolio invests primarily in companies that we believe
have sustainably profitable business models, fundamentally lower
volatility and less downside risks in the future. Furthermore, we
seek to achieve balanced exposure to quality, stability, and
reasonable price in the portfolio
AB Canada Global Core Equity Fund
- Seeks to outperform global equities while minimizing unintended
factor risks relative to the benchmark, producing a smooth stream
of positive relative returns
- Strategy draws on robust research capabilities and a proven
investment process to navigate various market environments and has
generated a strong and consistent track record over time with stock
selection as the primary source of alpha
This information has been provided by AB Canada, Inc. or Sanford C. Bernstein & Co., LLC and is for
general information purposes only. It should not be construed as
advice as to the investing in or the buying or selling of
securities, or as an activity in furtherance of a trade in
securities. Neither AllianceBernstein Institutional Investments nor
AllianceBernstein L.P. provides investment advice or deals in
securities in Canada.
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 wealth clients in major world
markets. As of December 31, 2018,
including both the general partnership and limited partnership
interests in AllianceBernstein, AllianceBernstein Holding owned
approximately 35.6% of AllianceBernstein and AXA Equitable
Holdings, Inc. ("EQH"), directly and through various subsidiaries,
owned an approximate 65.2% economic interest in
AllianceBernstein.
Additional information about AB may be found on our website,
www.alliancebernstein.com.
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SOURCE AllianceBernstein L.P.