Global asset manager AllianceBernstein (AB) said today that its AB Global Equities Fund has been added to three key industry platforms following strong endorsement by investment research house Lonsec.
“Lonsec’s decision to include the Fund as a core equity offering in its notional model portfolios is a very positive development both for the Fund and for AB’s growing presence in the Australian retail market,” said Jen Driscoll, AB’s Chief Executive Officer—Australia.
“It signals that there is value to be had in an active, high-conviction approach to security selection and careful, systematic management of portfolio risk.”
Since inclusion in the Lonsec model portfolio, the Fund has been added to the BT Wrap, HUB24 and Powerwrap platforms. The research house confirmed in April a ‘Recommended’ rating which it first assigned to the Fund in September 2015.
The long-only Fund, launched in Australia in July 2015, takes an active core approach that seeks to emphasise security selection as the expected driver of performance while closely managing risk exposures.
In its rating report, Lonsec noted that the Fund’s management fees were attractive relative to other core equity strategies that the research house had rated.
The Fund is designed for equity investors with high risk tolerances who want the potential for long- term capital growth and some income by investing in global equity securities. The Product Disclosure Statement can be accessed here.
