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Share Name | Share Symbol | Market | Type |
---|---|---|---|
AllianceBernstein Holding LP | NYSE:AB | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.24 | -0.72% | 33.25 | 33.71 | 32.71 | 33.55 | 356,161 | 22:16:06 |
NEW YORK and TORONTO, April 4, 2019 /CNW/ -- AllianceBernstein L.P. (AB), a leading global investment firm, today announced the launch of two new Canadian Trust Funds (CTFs): the AB Canada Concentrated Global Equity Fund and the AB Canada Global Core Equity Fund. The new funds will be launched in the second quarter of 2019, growing AB's suite of CTFs to eight funds. Today's announcement follows the successful launch of the AB Canada Global Strategic Core Equity Fund and the AB Canada Emerging Markets Strategic Core Equity Fund, in 2018.
The AB CTFs are designed to provide qualified institutional investors a diverse set of solutions based on differentiated, high-conviction fundamental research and disciplined investment processes.
"After the success of our Global and Emerging Markets Strategic Core Equity Fund launches, we're thrilled to expand AB's suite of CTF solutions. This mix of global equities strategies will give our Canadian institutional partners a wider range of options, all of which are backed by AB's deep fundamental research and high-conviction active management philosophy," said AB CIO for Concentrated Global Growth Mark Phelps.
"AllianceBernstein has been working with Canadian investors since the 1970s and continually evolves alongside the investment landscape," said Wendy Brodkin, Managing Director for AB in Toronto. "Whether it is hedging against downside risk, reducing factor biases, or developing a concentrated active strategy, AB's suite of best-in-class strategies address a wide variety of needs for Canadian institutions."
Details on AB's three Global CTF strategies are included below:
AB Canada Concentrated Global Equity Fund
AB Canada Global Strategic Core Equity Fund
AB Canada Global Core Equity Fund
This information has been provided by AB Canada, Inc. or Sanford C. Bernstein & Co., LLC and is for general information purposes only. It should not be construed as advice as to the investing in or the buying or selling of securities, or as an activity in furtherance of a trade in securities. Neither AllianceBernstein Institutional Investments nor AllianceBernstein L.P. provides investment advice or deals in securities in Canada.
About AllianceBernstein
AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private wealth clients in major world markets. As of December 31, 2018, including both the general partnership and limited partnership interests in AllianceBernstein, AllianceBernstein Holding owned approximately 35.6% of AllianceBernstein and AXA Equitable Holdings, Inc. ("EQH"), directly and through various subsidiaries, owned an approximate 65.2% economic interest in AllianceBernstein.
Additional information about AB may be found on our website, www.alliancebernstein.com.
View original content:http://www.prnewswire.com/news-releases/alliancebernstein-to-launch-two-new-global-equity-canadian-trust-funds-300824581.html
SOURCE AllianceBernstein L.P.
Copyright 2019 Canada NewsWire
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