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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.
Analysis is for information only and is subject to revision. Past performance does not guarantee future performance.
As of January 2010 through March 2020
Global Equity sell-offs of 10% or larger as represented by US dollar-hedged DM equities
Countries with monetary space represented by average of US and UK (50%/50% weights) where 10-year yields were well above the market’s perception of policy floor over 2018–2019
Countries at or near policy floor represented by average of Japan and Germany (50%/50% weights) where 10-year yields were at/close to the market’s perceived policy floor over 2018–2019
Sovereign-bond returns for pound sterling, euro and yen are all hedged to US dollars
Source: Barclays, Bloomberg, MSCI, S&P, WFD and AllianceBernstein (AB)
Analysis is for information only and is subject to revision. Past performance does not guarantee future performance.
As of January 1985 through March 2020
Return and Downside Capture Score are AB proprietary measures of risk-adjusted returns and performance in equity tail events designed to capture magnitude, consistency and length of history for a given return stream. High Quality IG Credit strategy is a simulated strategy since 2008 that takes exposure to high quality IG credits as identified by AB proprietary methodology, with the credit beta hedged using HY credit. Quality Income Equities L/S is simulated long/short equity strategy since 1985 that gains exposure to companies with above average total yield and high quality as defined by a combination of profitability, accruals, leverage and technical. Global Strategic Core is a live strategy (simulations from 1990 to November 2011) that gains exposure to equities with low volatility and high quality. The strategy shown is adjusted for market beta.
Source: Barclays, Bloomberg, MSCI, S&P, WFD 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.
The unwinding of “Trump trades,” a spike in volatility and the outperformance of European versus US equities have sparked debate about whether this is a tactical shift or the beginnings of a longer bearish trajectory for markets.
Inigo Fraser-Jenkins, Alla Harmsworth | 17 March 2025This essay considers the role of tokens and crypto assets as investments.
Inigo Fraser-Jenkins, Alla Harmsworth | 08 February 2025This is a marketing communication. This information is provided by AllianceBernstein (Luxembourg) S.à r.l. Société à responsabilité limitée, R.C.S. Luxembourg B 34 305, 2-4, rue Eugène Ruppert, L-2453 Luxembourg. Authorised in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier (CSSF). It is provided for informational purposes only and does not constitute investment advice or an invitation to purchase any security or other investment. The views and opinions expressed are based on our internal forecasts and should not be relied upon as an indication of future market performance. The value of investments in any of the Funds can go down as well as up and investors may not get back the full amount invested. Past performance does not guarantee future results.
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