Discovering Structural Growth in Distinctive Businesses

AB European Growth and Global Growth Portfolios

Our team searches for high-quality companies with structural growth drivers that support long-term return potential. Equity investors have an opportunity to benefit from the compounding power of owning shares in these companies over the long term.

Unearthing Europe's Hidden Champions

Europe is often seen as an inferior source of growth compared to US markets. But beneath the surface of Europe’s economic landscape lies a compelling investment opportunity.

Profitable Powerhouses

Several European sectors are projected to see robust earnings growth through 2025, according to consensus estimates¹.

Compounding Champions

Buying durable growth at attractive valuations is a powerful way to access the compounding effect of these businesses over the long term.

Global Reach

Many European businesses operate on a global scale, making them resilient to regional economic fluctuations and well-positioned to capitalise on growth opportunities worldwide.

¹ Based on consensus estimates for MSCI Europe sectors from FactSet, as of 17 September 2024.

The value of an investment can go down as well as up and investors may not get back the full amount they invested. Capital is at risk.

Stock Spotlights

How do our portfolio managers find attractive growth stocks? Discover insights from our European and Global Growth team on high-quality companies with surprising sources of return potential.

Coming to the Rescue for Very Personal Health Needs

Coloplast of Denmark has built a durable business by addressing deeply personal health problems, with solutions that support consistent growth potential.

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Building a Hot Business in Temperature Control

Beijer Ref’s heating, ventilation and air conditioning systems help companies around the world get the temperature just right with efficiency.

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An Investment Approach That Isn’t Tethered to the Economy

A cornerstone of our investment approach is the belief that companies benefiting from structural growth can generate long-term returns for investors in an uncertain world. Structural growth trends tend to be less dependent upon economic growth. Think about growth drivers such as digitalisation, automation or demographics, which are likely to accelerate no matter what happens to the economy.

Here’s what sets our team apart:

A Proven Approach to Investing in Equities:

Our bottom-up stock selection process, based on fundamental research, aims to identify companies with quality businesses, benefiting from structural growth trends and trading at an attractive valuation.
Highly Experienced, Long-Standing Team:

With 75 years of combined investing experience, our team has developed a well-tested philosophy and accumulated the skill to maintain long-term conviction through changing market conditions.
In-Depth Research:

The team’s in-house proprietary fundamental analysts have industry and company-specific expertise, and are supported by the depth and breadth of AB’s extensive global resources.

Building a Strong Portfolio

Our research-driven investment process is based on bottom-up fundamental stock selection. Three key investment pillars enable us to identify, analyze and select the companies which we believe offer investors the best potential for long-term returns:

Growth

Companies with sustained high cash flows should deliver strong earnings growth driven by structural growth. We look for companies in control of their own destiny and not beholden to cyclical macroeconomic factors.

Quality

Visibility of a company’s long-term earnings and cash flow growth is vital for long-term investors. We seek this visibility in companies with sustainable competitive advantages and high barriers to entry. Skilled management and capital discipline also tend to bolster high-quality businesses—and increase our conviction in their growth potential.

Valuation

Overpaying for growth can be counterproductive. Paying attention to valuation helps us ensure that growing, quality companies can deliver on their outperformance potential. But we are style-pure growth managers—we never buy a company on valuation alone.

Our Funds

AB European Growth Portfolio

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AB Global Growth Portfolio

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Some of the principal risks of investing in the Portfolios include Equity securities risk, Derivatives risk, Market risk, Convertible securities risk, Concentration risk, Currency risk, Depository receipts risk, Hedging risk, Leverage risk, REIT investment risk, Small/mid-cap equities risk and Sustainability risk. A full explanation of the risks is provided in the Portfolio’s Prospectus.

The Portfolio is meant as a vehicle for diversification and does not represent a complete investment program. Prospective investors should read the Prospectus, which includes Sustainability-Related Disclosures, and discuss risks and the Portfolio’s fees and charges with their financial advisor to determine if the investment is appropriate for them.

AB European Growth Portfolio and AB Global Growth Portfolio are sub-funds of AB SICAV I, an open-ended investment company with variable capital (société d’investissement à capital variable) incorporated under the laws of the Grand Duchy of Luxembourg.

The sale of AB funds may be restricted or subject to adverse tax consequences in certain jurisdictions. This information is directed solely at persons in jurisdictions where the funds and relevant share class are registered or at those who may otherwise lawfully receive it. Before investing, investors should review the Fund’s full Prospectus, together with the Fund’s KIID or KID and the most recent financial statements. Copies of these documents, including the latest annual report and, if issued thereafter, the latest semiannual report, may be obtained free of charge from AllianceBernstein (Luxembourg) S.à r.l. by visiting www.alliancebernstein.com or www.eifs.lu/alliancebernstein, or in printed form by contacting the local distributor in the jurisdictions in which the funds are authorised for distribution.

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 revision over time. There is no guarantee that any projection, forecast or opinion in this material will be realized.

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.