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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 change over time.
Analysis provided for illustrative purposes only and is subject to revision.
APAC = Asia-Pacific
As of December 31, 2021
Source: Bloomberg
Analysis provided for illustrative purposes only and is subject to revision.
Through February 28, 2022
Green bonds are represented by the ICE EUR Green Bond Index; Investment-grade bonds are represented by the ICE BofA 5–10 Year Euro Corporate Index; A-rated bonds are represented by the ICE BofA 5–10 Year Single-A Euro Corporate Index.
Source: Bloomberg and ICE Data Services
Analysis provided for illustrative purposes only and is subject to revision.
January 1, 2020, through June 30, 2020
Green bonds are represented by the ICE EUR Green Bond Index; Investment-grade bonds are represented by the ICE BofA 5–10 Year Euro Corporate Index; A-rated bonds are represented by the ICE BofA 5–10 Year Single-A Euro Corporate Index.
Source: Bloomberg and ICE Data Services
Analysis provided for illustrative purposes only and is subject to revision.
As of December 21, 2021
Source: Fatica, Serena and Panzica, Roberto, Sustainable Investing in Times of Crisis: Evidence from Bond Holdings and the COVID-19 Pandemic. Available at SSRN: https://ssrn.com/abstract=3991007 or http://dx.doi.org/10.2139/ssrn.3991007
Analysis provided for illustrative purposes only and is subject to revision.
Source: AllianceBernstein (AB)
Analysis provided for illustrative purposes only and is subject to revision.
As of March 31, 2022
*Greenium as a percent of the sector’s option-adjusted spread
Source: Bloomberg 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. Views are subject to change over time.
Patrick O'Connell is a Senior Vice President and Director of Fixed Income Responsible Investing Research. In this role, he is part of the leadership team that develops responsible investment strategy across AB's Fixed Income business, particularly related to integrating environmental, social and governance considerations throughout the team's research and engagement. Previously, O'Connell served as a corporate credit research analyst, focusing on emerging-market corporates in Latin American and African countries. He joined the Emerging Markets research team in 2013 after working as a credit analyst covering US high-yield energy credits at AB. Prior to joining the firm in 2012, O'Connell was a desk analyst at UBS Investment Bank, where he helped to allocate capital on the trading desk. He holds a BS in accounting and finance (magna cum laude) from Villanova University and is a CFA charterholder. Location: New York
Tiffanie Wong is a Senior Vice President and Director of Fixed Income Responsible Investing Portfolio Management. In this role, she is part of the leadership team that develops responsible investment strategy across AB's Fixed Income business, particularly related to integrating environmental, social and governance considerations throughout the team's portfolio construction processes and overseeing management of several of the team's sustainable strategies. Wong also serves as Director of Global & US Investment-Grade Credit, responsible for the management and strategy implementation of the firm's Global & US Investment-Grade Credit portfolios, including total-return and income-oriented credit strategies for institutional and retail clients. She has worked closely with AB's Quantitative Research team to leverage the firm's technology innovations within fixed-income trading and research to apply a more systematic approach to AB's credit investing. Prior to joining AB's Fixed Income portfolio-management team, Wong served as an associate portfolio manager on the Credit team, focusing on various strategies for the Global and US Credit portfolios—including total return, buy and hold, and liability matching. Before joining AB in 2012, she was a fixed-income portfolio analyst and trader at Segall Bryant & Hamill and a fixed-income portfolio associate at Wells Capital Management. Wong holds a BA in economics with a minor in business institutions from Northwestern University and is a CFA charterholder. Location: New York
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This information is directed at Professional Clients only and is not intended for public use.