AllianceBernstein announced the launch of its Dutch domiciled European equity fund. The Netherlands domiciled fund, supervised by the AFM, will seek long term capital growth by investing in European companies with strong return potential and sustainable competitive advantages that trade at attractive valuations.
Portfolio managers Tawhid Ali and Andrew Birse employ a highly selective, bottom-up approach bringing a private equity mind-set to public markets. AB’s European equity strategy has a Luxembourg fund track record going back to 2001 and usually holds 40 to 60 stocks.
“AB aims to make investing for our clients as straightforward as possible and launching a local investment vehicle is a clear commitment to the Dutch market,” said Frank de Wit, client advisor at AllianceBernstein in Amsterdam. “We see continued demand for European equities and believe our combination of a proven track record and a local domiciled fund, which will benefit from the FBI status, will appeal to the market.”
“European stock markets offer abundant opportunities and are attractively valued,” added Tawhid Ali, portfolio manager for European equities. “We take a private equity approach to investing in European markets, by focusing on understanding the sector they operate in, the cash flow and return potential over the next 3 to 5 years. That way we can find companies that can deliver attractive returns, independent of the economic or political situation.”