AB fund added to three platforms
AllianceBerstein's (AB's) global equities fund has been added to three key industry platforms, after research house, Lonsec, added the fund to its model portfolio.
The global asset manager's chief executive, Jen Driscoll, said Lonsec's decision to include the fund as a core equity offering in its model portfolio was a positive development, both for the fund and AB as a fund manager.
"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," she said.
Since the fund was added to Lonsec's model portfolios, it was added to the BT Wrap, HUB24 and Powerwrap.
The long-only, global equity fund launched in Australia in July 2015.
The fund manager said its security selection was the key to driving performance, while it closely managed risk exposures.
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