AllianceBernstein has launched four new Open Ended Investment Company (OEIC) funds under the existing UK umbrella, each based on existing offshore vehicles with strong long-term track records.
The four funds will be the Concentrated Global equity, Concentrated US equity, Low Volatility Global equity and the Sustainable US equity. Each fund takes an active, bottom up stock and security selection approach and evaluates the environmental, social and governance (ESG) criteria of each company to assess both risk and opportunity.
The ES AllianceBernstein Concentrated Global Equity OEIC is based on a similar strategy which has been running since 2013, managed by Mark Phelps and Dev Chakrabarti since inception and run out of AB's London office. The strategy is a concentrated portfolio consisting of 25-30 holdings.
The ES AllianceBernstein Concentrated US Equity OEIC is also based on a strategy which has been running since 2013, managed by Jim Tierney since inception. It selectively invests in high conviction ideas holding 20-25 stocks of US growth companies with strong fundamentals.
The ES AllianceBernstein Low Volatility Global Equity OEIC invests in global equity securities that offer compelling long-term return potential, while seeking to limit volatility and emphasize downside mitigation. It aims to have lower volatility than the broad global equity market through finding companies with truly defensive traits as a result of fundamental research and proprietary quantitative tools.
The ES AllianceBernstein Sustainable US Equity OEIC exclusively invests in themes derived from the UN Sustainable Development Goals (UNSDGs) in companies that provide products and services addressing these objectives. The focus will be on three themes climate, health and empowerment investing exclusively in companies aligned with forward-looking sustainable investment themes.