netwealth has become the second platform to pick up an AllianceBernstein fund in recent weeks adding the manager’s Managed Volatility Equities Fund to its line-up following the inclusion of the AllianceBernstein Global High Income Fund on HUB24.
AllianceBernstein have said the fund charges a management fee of 0.55 per cent and invests mainly in Australian equities and was for aimed at investors seeking lower volatility, reduced downside risk in falling equity markets, long-term capital growth and some income.
It also stated the fund was likely to lag a rising market but would benefit from the “low-volatility paradox” in which low-volatility stocks tend to outperform higher-volatility stocks on a risk-adjusted basis over time.
AllianceBernstein chief executive Jen Driscoll said the fund had achieved a total (net of fees) return of 26.6 per cent in its first year, with about half the volatility of the FTSE ASFA Australia 300 Index.
