AB Global Equities Fund
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Overview
Objective
The AB Global Equities Fund aims to achieve returns in excess of those of the MSCI All Country World Index in Australian dollars, after fees, over the medium to long term.
Investment Strategy
- The AB Global Equities Fund is designed for equity investors with high risk tolerances who want the potential to achieve long-term capital growth and some income by investing in global equity securities.
- The Fund aims to achieve its investment objective by investing in equities anywhere in the world, including developed, emerging and frontier markets. The Fund will principally be composed of equity securities of companies considered by the investment manager to offer good prospects for attractive returns relative to general equities markets. Generally, the Fund aims to ensure that security selection is the key driver of the Fund’s return and seeks to limit any bias towards any individual country, sector, investment style, macroeconomic influences or company size. From time to time, security selection may lead to country or sector over/underweights relative to the benchmark. The Fund may also hold up to 30% of the Fund’s net asset value in securities that are not included in the benchmark.
- The Fund does not usually hedge the foreign currency exposures of its equity securities to Australian dollars, and the investment manager has the discretion to determine the extent to which any foreign currency exposure is increased, reduced or removed. For example, the Fund may hedge all or part of its currency exposure to Australian dollars or provide currency exposures greater than that provided by the underlying equity exposure.
- The Fund may also invest in listed trusts, including REITs (real estate investment trusts), ETFs (exchange-traded funds) and securities we reasonably expect to be listed within six months, including initial public offerings. The Fund may also use derivatives including, but not limited to, options, futures, currency forwards, swaps and local-access products, which include equity-linked certificates, participation notes and warrants.
- Derivatives may be used to manage risk, invest cash, and gain or reduce exposures. Derivatives will not be used for leverage or gearing purposes.
Meet the Team
Portfolio Details
Domicile: Australia
Base Currency: Australian Dollars
Application/Redemption: Daily
Ratings
Pricing & Performance
Fund Literature
AllianceBernstein Global Equities Fund ARSN 099 296 607 APIR ACM0009AU is referred to as AB Global Equities Fund.
AllianceBernstein Investment Management Australia Limited (ABN 58 007 212 606, AFSL 230 683) (“ABIMAL”) is the responsible entity of the AllianceBernstein Global Equities Fund (ARSN 099 296 607) (“Fund”) and is the issuer of units in the Fund. ABIMAL has appointed AllianceBernstein Australia Limited (ABN 53 095 022 718, AFSL 230 698) (“ABAL”) as the investment manager of the Fund. ABAL in turn has delegated the investment manager function to AllianceBernstein L.P. The Fund’s Product Disclosure Statement (PDS) is available online or by contacting the client services team at ABAL at (02) 9255 1299. Investors should consider the PDS in deciding whether to acquire, or continue to hold, units in the Fund.
This information is for exclusive use of the wholesale person or other Qualified Investor to whom it is provided and not to be relied upon by any other person. It is not intended for retail or public use and may not be further distributed without the prior written consent of ABAL.
A Target Market Determination (TMD) for the Fund is available from our website. The TMD sets out the class of persons who comprise the target market for the Fund and the distribution conditions that are applicable, together with a number of other matters which should be considered by retail investors and their advisers.
Important Information on Past Performance and Portfolio Data
The Fund has been operating since July 22, 2015.
Some past performance information included on this website represents the investment performance record for the institutional AllianceBernstein Global Core Equity Composite in US Dollars (the “Composite”) from inception (July 1, 2011). The performance presented is gross of fees and detailed in the Total Return Methodology and Fee Structure. The performance of the Composite is not the performance of the Fund. The management style and investment guidelines of the Fund and account(s) within the Composite are not materially different. The Fund has no past performance. Historical performance of the Composite is provided on this basis as an indication of the past performance of an account similarly managed. Past performance of the Composite is not indicative of the future performance of the Fund.
Portfolio information included, such as asset-allocation data, country exposures and the like, are based on the actual positioning at the specified point in time of a representative account managed in the same style of the Fund and with investment guidelines which are not materially different. The information has been included on this basis as it may be of use as an indicator of the positioning of an account managed similarly to the Fund.
Information, forecasts and opinions ("Information") set out on this website are not personal advice and have not been prepared for any recipient’s specific investment objectives, financial situation or particular needs. Neither this website nor the Information contained in it is intended to take the place of professional advice. Please note that past performance is not indicative of future performance, and projections, although based on current Information, may not be realised. Information can change without notice and neither ABIMAL or ABAL guarantees the accuracy of the Information at any particular time. Although care has been exercised in compiling the Information contained on this website, neither ABIMAL or ABAL warrants that this website is free from errors, inaccuracies or omissions.
This website is released by ABAL.
The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (ACM0009AU assigned November 2023) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines.
The Lonsec Rating (assigned May 2024) presented on this website is published by Lonsec Research Pty Ltd (ABN 11 151 658 561, AFSL 421445). The Rating is a “class service” (as defined in the Financial Advisers Act 2008 [NZ]) or is limited to “General Advice” (as defined in the Corporations Act 2001 [Cth]) and based solely on consideration of the investment merits of the financial product(s). In New Zealand it must only be provided to “wholesale clients” (as defined in the Financial Advisers Act 2008 [NZ]). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold the AB Global Equities Fund, and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s), using comprehensive and objective criteria. For further information regarding Lonsec’s Ratings methodology, please refer to our website at: https://www.lonsecresearch.com.au/research-solutions/our-ratings/.
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