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Past performance does not guarantee future results.
Global Factor Index Returns During Major Market Downturns and Recoveries*
As of August 31, 2018
Historical analysis for informational purposes only.
*Based on largest index moves when one or more factors rose or fell by at least 10% from January 1, 2000 to August 31, 2018. Dates for market events listed are: Tech Bubble, February 4, 2001 to March 17, 2001; US Earnings Recovery, March 28, 2003 to June 17, 2003; Global Financial Crisis, September 28, 2008 to November 22, 2008; Recovery from GFC, March 31, 2009 to June 11, 2009; Euro Crisis, July 24, 2011 to August 20, 2011; Euro Fears Recede, October 4, 2011 to October 28, 2011; Improving Global Outlook, September 29, 2015 to October 23, 2015; China Fears, January 3, 2016 to February 13, 2016; Rising Rates, January 25, 2018 to February 2, 2018.
Source: MSCI and AllianceBernstein (AB)
Past performance does not guarantee future results.
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 revision over time. AllianceBernstein Limited is authorised and regulated by the Financial Conduct Authority in the United Kingdom.
Alpha, often considered the active return on an investment, gauges the performance of an investment against the market and is used as a measure of manager skill.
MSCI makes no express or implied warranties or representations, and shall have no liability whatsoever with respect to any MSCI data contained herein.
Source: MSCI and AB
Klaus Ingemann joined AB in 2014 as Portfolio Manager and Senior Research Analyst and was promoted to Co-Chief Investment Officer of Global Core Equity in 2018. He previously served as an executive member of the investment board at CPH Capital, which he cofounded in 2011. Prior to that, Ingemann was chief portfolio manager and a member of the investment board at BankInvest. He previously worked as a corporate finance advisor for Carnegie Bank, where he mainly advised on cross-border mergers and acquisitions. Before that, Ingemann spent four years in the finance department at Tele Danmark, where he was primarily involved with developing a value-at-risk management system. He holds a BSc in business administration and an MSc in finance and accounting from the Copenhagen Business School, and is a CFA charterholder. Location: Copenhagen
David Dalgas joined AB in 2014 and is Co-Chief Investment Officer of Global Core Equity. He previously served as head of equities and CIO at CPH Capital, which he cofounded in 2011. Prior to that, Dalgas was head of equities at BankInvest, where he was responsible for equity portfolios serving global institutional investors. He previously worked in portfolio management and equity research at LD Invest (now known as Maj Invest), WestLB, Amagerbanken and the Central Bank of Denmark. Dalgas holds a BSc in economics and business administration and an MSc in finance and accounting from the Copenhagen Business School, and is a CFA charterholder. Location: Copenhagen
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