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Industry Voice: Concentrating on Sustainable Growth
Businesses that Stand the Test of Time: As stock markets cope with continued volatility and slowing global economic growth resulting from the COVID-19 pandemic, investors face a significant challenge in seeking sustainable returns from equities.
We believe the key is to identify companies with business models that can stand the test of time and reliably deliver persistent growth through changing market cycles.
Jim T. Tierney, Jr., fund manager of the new ES AllianceBernstein Concentrated US Equity Fund, believes that a concentrated portfolio of high-quality US stocks can offer consistent alpha in today's low-growth world.
AB Concentrated US Equities Across Different Market Environments
The OEIC fund is based on an existing AB strategy with GIPS compliant performance track record. The manager applies the same, clear investment philosophy and process—which underpins our distinctive high-conviction approach.
Strategy past performance is not a reliable indicator of future results. The value of investments and the income from them will vary. Your capital is at risk.
*Based on performance of the institutional AB Concentrated US Growth Composite (the "Strategy"), gross of fees, in GBP since inception on 31 December 1974. Although similar, the performance of the Strategy is not the same as that of the ES AllianceBernstein Concentrated US Equity Fund. The returns presented above are gross of fees and do not reflect the deduction of investment-management fees: the client's return will be reduced by the management fees and any other expense incurred in the management of their account. Full GIPS composite performance disclosures for the Strategy are available on request.
As of 31 July 2020. Source: MSCI and AB
+ Equities Securities Risk: The value of equity investments may fluctuate in response to the activities and results of individual companies or because of market and economic conditions. These investments may decline over short- or long-term periods.
+ Liquidity Risk: In times of difficult market conditions it may be harder or take longer to sell assets. This may impact on the price of the assets and the value of the Fund.
+ Derivatives Risk: The Fund may use financial derivative instruments which may result in increased gains or losses.
+ Other Risks Include: Concentration Risk, Counterparty and Custody Risk, Country Risk, Currency Risk, Illiquid or Restricted Securities Risk, Investment in Collective Investment Schemes Risk, Management Risk and Small- and Mid-Cap Equity Risk.
+ For a full explanation of risks and the overall risk profile of this Fund and the share classes within it, please refer to the Key Investor Information Document (KIID) and Prospectus.
For Investment Professional use only. Not for inspection by, distribution or quotation to, the general public. The value of an investment can go down as well as up and investors may not get back the full amount they invested. Before making an investment, investors should consult their financial advisor.
The Fund is suitable for a higher risk tolerant investor with long-term investment horizons.
The ES AllianceBernstein Funds are Sub Funds of ES AllianceBernstein UK OEIC, an open-ended investment company. Equity Trustees Fund Services Ltd is the Authorised Corporate Director (ACD) of the Funds. The Prospectus, KIID, annual and semi-annual reports are available, in English, free of charge from the ACD's website, (www.equitytrustees.com) Full GIPS composite performance disclosures are available for each strategy from the Investment Manager, on request.
This content is for informational purposes only and does not constitute investment advice. AllianceBernstein L.P. does not provide tax, legal or accounting advice. It does not take an investor's personal investment objectives or financial situation into account; investors should discuss their individual circumstances with appropriate professionals before making any decisions.
Issued by AllianceBernstein Limited, 50 Berkeley Street, London W1J 8HA, registered in England, No. 2551144. AllianceBernstein Limited is authorised and regulated in the UK by the Financial Conduct Authority (FCA).
The [A/B] logo is a service mark of AllianceBernstein and AllianceBernstein® is a registered trademark used by permission of the owner, AllianceBernstein L.P.
© 2020 AllianceBernstein L.P. All rights reserved.
