AllianceBernstein boosts UK market presence with four new OEIC funds

‘Tremendous demand’ in UK for equity and sustainable strategies

AllianceBernstein (AB) has launched four new equity OEIC funds under its existing UK umbrella following its first OEIC launch in the UK last year.

The four OEIC funds are based on existing offshore vehicles, with each fund taking a bottom-up stock and security selection approach, evaluating the environmental, social and governance criteria of each company they invest in. The ES AllianceBernstein Concentrated Global Equity OEIC is based on a similar strategy with a concentrated portfolio consisting of 25 to 30 holdings, which has been running since 2013. It has been managed by Mark Phelps and Dev Chakrabarti since inception and is run out of AB's London office. AllianceBernstein embarks on UK market push with first OEIC launch...