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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 does not guarantee future results.
Through July 31, 2023
Source: Eurostat, Statistics Bureau of Japan, US Bureau of Labor Statistics and AllianceBernstein (AB)
Past performance does not guarantee future results.
As of December 31, 2022
Source: Bloomberg, Citigroup, J.P. Morgan, Nikkei, QUICK Corp. and AB
Past performance does not guarantee future results.
Through December 31, 2022
Source: MSCI 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.
The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, reviewed or produced by MSCI.
Atsushi Horikawa is Chief Investment Officer for Japan Value Equities. He was appointed Co-CIO in October 2016 and sole CIO in April 2017 to manage the firm's Japanese equity products and lead a team of experienced investment professionals covering Japanese companies. Prior to that, Horikawa was a portfolio manager for Japan Value Equities, having served as Director of Research for the service since 2012. He joined the firm in 2000 as a research analyst, and was named senior research analyst in 2002. Previously, Horikawa worked at Sakura Bank as a business-planning executive. He holds a BA in law from the University of Tokyo and an MBA from Harvard University, and is a Chartered Member of the Securities Analysts Association of Japan. Location: Tokyo
Zhiyuan Tao is a Senior Research Analyst for AB’s Value Research team, covering commodities and TMT (technology, media and telecom). Since joining the firm in 2013, he has worked in AB’s Tokyo, London and Shanghai offices. Previously, Tao worked as a management consultant at Boston Consulting Group and as an engineer at TE Connectivity. He holds a BEng in electronic engineering from Shanghai Jiao Tong University and is a CFA charterholder. Location: Tokyo
This 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.
This information is directed at Professional Clients only and is not intended for public use.