Invest for Growth
Overview
Seeks to provide attractive long-term growth of capital by investing in equity securities of Chinese companies
About this Fund
- Uses its proprietary risk and return models tailored to the China equity markets to construct a portfolio that possess attractive valuation, good quality and compelling investment catalysts
- Seeks to capture arbitrage opportunities from valuation imbalances in dual-listed Chinese stocks
- Managed by a tenured team with a long history of investing in China equities
Investment Approach
- Aims to identify the best opportunities across China onshore (A-shares) and offshore equity markets (H-shares, ADRs)
- Normally holds 60 to 90 stocks
- Mainly large- and mid-cap companies, with the flexibility to invest in companies of all sizes
Meet the Team
Diversity of thinking and diversity of research tools are central to our success.
Stuart Rae—Chief Investment Officer-Asia-Pacific Value Equities
Additional Information
Investment Definitions
Alpha is the risk-adjusted measurement of "excess return" over a benchmark. Beta is a measure of an investment’s volatility in comparison to the market as a whole. Duration is a measure of the sensitivity of an asset or portfolio’s price to interest rate movements. Information ratio is a measurement of portfolio returns beyond the returns of a benchmark, compared to the volatility of those returns. R-squared is the percentage of a portfolio’s price movements that can be explained by movements in a benchmark index. Sharpe ratio is a measure of the fund’s return relative to the investment risk it has taken. A higher Sharpe ratio means the fund’s returns have been better given the level of risk the fund has taken. Standard deviation is a measure of the dispersion of a portfolio’s return from its mean. Tracking error is the difference in actual performance between a portfolio and its corresponding benchmark. Up capture measures the percentage of market gains captured when markets are up. Down capture measures the percentage of market losses endured when markets are down.
Risks To Consider
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Derivatives Risk: Derivatives may be more sensitive to changes in market conditions and may amplify risks.
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Foreign (Non-U.S.) Investment Risk: Investments in securities of non-U.S. issuers may involve more risk than those of U.S. issuers. These securities may fluctuate more widely in price and may be more difficult to trade than domestic securities due to adverse market, economic, political, regulatory, or other factors.
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Market Risk: The market values of the portfolio’s holdings rise and fall from day to day, so investments may lose value.
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Investors should consider the investment objectives, risks, charges and expenses of the Fund/Portfolio carefully before investing. For copies of our prospectus or summary prospectus, which contain this and other information, visit our Literature Center or contact your AB representative. Please read the prospectus and/or summary prospectus carefully before investing.
AllianceBernstein Investments, Inc. (ABI) is the distributor of the AB family of mutual funds. ABI is a member of FINRA and is an affiliate of AllianceBernstein L.P., the manager of the funds.
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Investment Products Offered: Are Not FDIC Insured | May Lose Value | Are Not Bank Guaranteed
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