AllianceBernstein has launched two new funds -the AB European Growth Portfolio and the AB Global Growth Portfolio.
The two funds will be managed by the same portfolio management team. Led by Thorsten Winkelmann, it includes Robert Hofmann, Marcus Morris-Eyton, Darina Valkova and Nicolas Gonçalves, all of whom joined AB in January 2024 from Allianz Global Investors.
The team seeks to benefit from the compounding power of owning shares in structurally growing, high quality companies over the long term. The team has a distinct collaborative structure and have spent most of their careers together investing in this way.
The team philosophy and process will be the same across the two funds. It is rooted in disciplined bottom-up fundamental analysis with a focus on understanding company business models and growth drivers. The funds will invest in companies with clear sustainable competitive advantages, pricing power and high barriers to entry. With a clear focus on risk management, the process consists of a three-step process – idea generation, fundamental due diligence, and portfolio design.
The team seeks to invest with a long-term (5-10 years) mindset that has been time-tested through consistent stock selection driven by proprietary fundamental research. They aim to identify companies with quality franchises, strong competitive moats and above average structural earnings and cash flow growth potential, which the market has not yet fully acknowledged. Holding these companies for the long term means that these earnings and cashflows are compounded over extended periods.
The AB European Growth Portfolio is an unconstrained high conviction bottom-up portfolio of approximately 40 to 60 mid/large market capitalization companies. The AB Global Growth Portfolio is an unconstrained high conviction bottom-up portfolio of approximately 50 to 80 mid/large market capitalization companies. They will both be classed as Article 8* funds.
Thorsten Winkelmann, portfolio manager of AB European Growth and Global Growth Portfolios, said: “The team and I are excited to launch these funds at AllianceBernstein. We have a time-tested philosophy and approach. As a team we have spent most of our careers on these strategies and have proven success in these strategies over time. I believe they complement the current range of AB strategies.
“We are benefitting from AB’s extensive resources and global presence, while its collaborative and entrepreneurial multi-boutique structure allows us to carry on working together in the way we always have.”
*The classification is made in accordance with and for the purposes of Regulation (EU) 2019/2088 and is not meant to provide exhaustive information on the suitability of the fund for a prospective investor’s investment needs. For more information on AB’s Sustainability-Related Disclosures please visit www.alliancebernstein.com.
