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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. Views are subject to revision over time.
Past performance and current analyses do not guarantee future results.
*Europe ex UK represented by MSCI Europe ex UK, US large-caps by S&P 500, Japan by TOPIX, China by MSCI China A Index, emerging markets by MSCI Emerging Markets Index, Australia by S&P/ASX 300, UK by FTSE All-Share Index and US small-caps by Russell 2000 Index.
As of March 31, 2023
Source: Bloomberg, FactSet, FTSE Russell, MSCI, S&P, Tokyo Stock Exchange and AllianceBernstein (AB)
Past performance and current analyses do not guarantee future results.
*Based on MSCI World Value Index, MSCI World Minimum Volatility Index and MSCI World Growth Index
As of March 31, 2023
Source: FactSet, MSCI and AB
Past performance and current analyses do not guarantee future results.
Web traffic indexed to 1.0 on February 13, 2023.
Big four are the four largest US banks by assets. High levels of uninsured deposits include 16 banks. Regional banks perceived to be at risk include seven banks. Control group includes 21 banks with small deposit bases and low uninsured deposits.
Through March 26, 2023
Source: Similarweb and AB
Past performance and current analyses do not guarantee future results.
*All US publicly traded banks between US$5 billion and US$250 billion in total assets with reported financials for December 31, 2022
†Tangible common equity versus tangible assets, adjusted for available-for-sale (AFS) tax shield and held-to-maturity (HTM) losses. A lower ratio indicates a greater amount of stress.
As of December 31, 2022
Source: SNL Financial and 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. Views are subject to revision over time.
MSCI makes no express or implied warranties or representations, and shall have no liability whatsoever with respect to any MSCI data contained herein.
Chris Hogbin is the Global Head of Investments for AB. In this broad leadership role, he oversees all the firm’s investment activities. Hogbin is responsible for driving investment success across asset classes, fostering collaboration and sharing best practices across investment teams, as well as leveraging a common infrastructure and evaluating opportunities to invest in capabilities that deliver better outcomes for clients. He is also a member of the firm’s Leadership team and Operating Committee. Hogbin joined AB’s institutional research business in 2005 as a senior analyst covering the European food retail sector. In 2010, he was named to Institutional Investor’s All-Europe Research Team and was ranked as the #1 analyst in his sector in both 2011 and 2012. Hogbin became European director of research for the Sell Side in 2012 and was given additional responsibility for Asian research in 2016. In 2018, he was appointed COO of Equities for AB. In 2019 Hogbin was promoted to co-head of Equities, becoming head of Equities in 2020. Prior to joining the firm, he worked as a strategy consultant for the Boston Consulting Group in London, San Francisco and Shanghai, where he was responsible for the execution of critical business-improvement initiatives for clients in the financial-services and consumer sectors. He holds an MA in economics from the University of Cambridge and an MBA with distinction from Harvard Business School. He is a trustee of the Public Theater in New York.