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The views expressed herein do not constitute research, investment advice or trade recommendations, and do not necessarily represent the views of all AB portfolio-management teams and are subject to change over time.
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Historical analysis does not guarantee future results.
Through July 31, 2020
Beneficiaries and laggard industries identified based on six-month relative returns versus market-capitalization-weighted universe of the top 1,500 US large-cap stocks. Laggards are those with relative returns below –10%; beneficiaries are the top 20 relative performing industries.
Source: Bernstein Analysis and AllianceBernstein (AB)
Historical analysis does not guarantee future results.
As of 31 July 2020
Low-volatility equities represented by sample made up of Invesco S&P 500 Low Volatility, iShares Edge MSCI Min Vol USA, iShares Edge MSCI Min Vol Global. Rolling three-year correlation computed using weekly relative returns (S&P 500 for US ETFs, MSCI ACWI for Global ETF) of ETF sample and Bloomberg Barclays US Treasury Index (Unhedged).
Source: Bloomberg and AllianceBernstein (AB)
The views expressed herein do not constitute research, investment advice or trade recommendations, and do not necessarily represent the views of all AB portfolio-management teams and are subject to change over time.
Daniel Loewy is Chief Investment Officer and Head of Multi-Asset and Hedge Fund Solutions. He oversees the research and product design of the firm’s multi-asset strategies, as well as their implementation. In addition, Loewy is Chief Investment Officer for Dynamic Asset Allocation, and is responsible for the development and investment decision-making for that service. He is also a member of the Real Asset Investment Policy Group and the Target Date Investment Oversight team. Loewy previously led the Wealth Management Group’s research on the major investment issues faced by our highest-net-worth clients, including asset allocation, alternative investments and tax management. Prior to that, he was a research analyst in the equity research department, where he followed the aerospace and defense and capital goods sectors. Additionally, Loewy has served as an associate portfolio manager for our value equity services. He holds a BS in industrial and labor relations from Cornell University and an MBA from Columbia University, and is a CFA charterholder. Location: New York
Caglasu Altunkopru is Head of Macro Strategy in the Multi-Asset Solutions Group at AB. She was previously a sell-side analyst at AB, covering equity portfolio strategy for six years. Altunkopru joined the firm in 2005, covering the European Household and Personal Care sector, and her team was ranked among the top three in Institutional Investor and Extel surveys. Prior to joining AB, she worked as a management consultant with The Boston Consulting Group, Bain & Co. and McKinsey, serving clients in the consumer goods and financial services sectors. Altunkopru holds a BS in mathematics from the Massachusetts Institute of Technology and an MBA from Harvard Business School. Location: New York
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