-
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 change over time.
Past performance and current analysis do not guarantee future results.
*Europe represented by STOXX 600 Index, Japan by TOPIX, US by S&P 500 and emerging markets by MSCI Emerging Markets
†Equal-weighted returns for S&P 500 constituents grouped by percentage of revenues derived from non-US business
Left chart as of December 31, 2021; right chart as of September 30, 2022
Source: Bloomberg, FactSet, Goldman Sachs Global Investment Research, MSCI, S&P, STOXX, TOPIX, and AllianceBernstein (AB)
Past performance and current analysis do not guarantee future results.
*Domestic focus (GSTHAINT) includes an equal-weighted group of 50 S&P 500 stocks with the highest domestic exposure using 2021 company filings. International focus (GSTHINTL) includes an equal-weighted group of 50 S&P 500 stocks with the highest international sales exposure based on 2021 company filings.
†US exposure (GSSTAMER) includes an equal-weighted group of 45 European companies with US sales exposure above market average and negative correlation with the EUR/USD exchange rate. Domestic exposure (GSSTDOME) includes an equal-weighted group of 60 European companies with a high euro-area sales exposure. UK domestic exposure (GSSTUKDE) includes an equal-weighted group of 35 UK companies with high sales exposure to the UK.
Left chart as of October 28, 2022. Right chart as of October 14, 2022.
Source: Datastream, FactSet, Goldman Sachs Global Investment Research and Thomson Reuters I/B/E/S
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 change over time.
References to specific securities are presented to illustrate the application of our investment philosophy only and are not to be considered recommendations by AB. The specific securities identified and described do not represent all of the securities purchased, sold or recommended for the portfolio, and it should not be assumed that investments in the securities identified were or will be profitable.