Zenith gives gold tick to AB’s managed volatility fund
Ratings house, Zenith Investment Partners, has assigned a ‘recommended' rating to AllianceBernstein's (AB's) managed volatility equities fund.
AB's Australian chief executive, Jen Driscoll, said the rating was timely as volatility had heightened in local and global markets after the UK voted to leave the European Union.
Zenith noted that AB's fund was uniquely positioned in the Australian equity market, intuitively appealing and had very competitive costs compared to its peers.
The ratings house said AB's managed volatility equities fund had a management fee of 0.55 per cent, compared to the higher sector average of 0.95 per cent.
Zenith found that the fund also aimed to capture a low-risk anomaly and aimed to invest in high quality stocks with attractive valuations.
AB said the fund was designed to reduce downside risk in falling equity markets, while it also offered potential long-term capital growth and income.
To see how the fund performed click here.
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