AB fixed income outperforms benchmarks
Innovation and strong performance has helped almost 90 per cent of AllianceBernstein's (AB's) fixed income assets in services outperform their benchmarks for the three and five-year period through 30 September, 2016, the firm announced.
On the equities side, the firm has broadened the platform from its value and growth origins to incorporate services that addressed clients' needs for downside risk protection, income, and stable alpha, while at the same time committing to its high conviction investment discipline.
AB made these announcements as it begun its year-long celebration of its 50th anniversary.
AB chief executive and chairman, Peter Kraus, said part of the firm's mission was to evolve with clients and to recognise that their clients' needs would always be changing.
"From Bernstein's focus as a preeminent value equity service provider to Alliance Capital's prowess as a growth equity manager, we have evolved to offer clients a broad spectrum of investment solutions that meet their needs throughout market cycles — as well as the highest calibre of independent research," Kraus said.
AB chief executive Australia, Jen Driscoll, said the anniversary was an important milestone.
"Our aim is more than ever to make our clients in Australia feel that, when they work with us, they have become part of a tradition of integrity, trust and financial success," she said.
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