AllianceBernstein embarks on UK market push with first OEIC launch

The ES AllianceBernstein Europe (ex UK) Equity OEIC

Mike Sheen
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CEO of AllianceBernstein Jamie Hammond
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CEO of AllianceBernstein Jamie Hammond

AllianceBernstein (AB) has launched its first ever OEIC fund and is planning further UK-based product launches "soon" in response to investor demand.

The ES AllianceBernstein Europe (ex UK) Equity OEIC follows a similar strategy, which has been operating since January 2004, and is under the management of AB's CIO of European value equities Tawhid Ali and portfolio manager Andrew Birse. It employs an unconstrained approach with a portfolio of 40 to 60 holdings, with an active, bottom-up stock selection approach and an ESG overlay. The investment team employs a private equity-like approach by applying internal rate of return techniques on each stock. Ali said: "Political risks are driving market anxiety and accentuating mispricing, c...

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