AllianceBernstein fund gains positive rating
Research and ratings house, Morningstar has delivered the AllianceBernstein AB Managed Volatility Equities Fund a ‘Bronze’ ratings meaning it is accessible to financial advisers.
The fund manager the rating meant the fund—which Morningstar described as having achieved “stellar” performance since its launch three-and-a-half years ago—could now be accessed by financial advisers and dealer groups which base their investment recommendations on the research company’s ratings.
Commenting on receipt of the rating, AllianceBernstein chief executive officer, Australia, Jen Driscoll said the firm was delighted that Morningstar, on its first review of the Fund, had decided to award it a positive rating which highlighted that its analysts had conviction in the Fund.
“This significantly increases the number of investment intermediaries with whom we can now engage in explaining the benefits of the Fund, and it provides further endorsement for the product by the market’s gatekeepers,” she said.”
Driscoll noted that another research house, Lonsec, had recently reaffirmed its “Highly Recommended” rating for the Fund following an annual review.
The AB Managed Volatility Equities Fund uses an “upside/downside” capture strategy which aims to outperform its benchmark over time with less volatility than the market, by suffering only 50 per cent of any downside while participating in 80 per cent of the upside.
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