menu
 

ES AllianceBernstein Concentrated Global Equity Fund

Quality over Quantity

 

Concentrated portfolios can offer consistent alpha in today’s low-growth world. But how can a small number of stocks deliver strong excess and risk-adjusted returns with consistency? The key is to identify companies that can deliver persistent growth through changing markets.

The value of an investment can go down as well as up and investors may not get back the full amount they invested. Capital is at risk.

The Fund and What it Offers Investors

The ES AllianceBernstein Concentrated Global Equity Fund aims to increase the value of investment over a rolling five-year period by investing in an actively managed, concentrated, high conviction portfolio of companies around the world, selected for their growth and business characteristics and consistent revenue and earnings growth potential.

Quick Links

Attractive Growth Potential
Attractive Growth Potential

Concentrated portfolio of 30 high-conviction stocks, with intensive bottom-up stock selection driven by AllianceBernstein’s (AB’s) experienced team.

Powered by Quantity
Powered by Quality

Small number of high-quality companies demonstrating strong revenue streams – in excess of 10% per annum – and stable growth potential, can help underpin consistent long-term performance.

Consistent Alpha
Consistent Alpha

Focusing on businesses with strong fundamentals, a good track record and sustainable growth trajectories, to help deliver consistent returns across different market environments.

The value of investments and income from them will vary. Your capital is at risk.

Philosophy and Approach

We believe that long-term, consistent earnings growth drives long-term investment returns.

Identifying Quality

We search for a select group of high-quality companies with forward earnings growth potential of at least 10% per annum over five years. Companies with these characteristics are more likely to outperform the market. Our in-depth research targets superior businesses with consistent earnings streams.

Evaluating the Strongest Candidates

Then we create a shortlist of the most attractive stocks. Companies must have strong management, dominant franchises and businesses that can sustain growth through both good and challenging economic times. Strong balance sheets and low regulatory risk are also essential features.

Investing in the Best of the Best

For the final cut, we develop five-year projections and subject each company to a team debate about the right price to pay. Those with the highest expected return and attractive valuations merit a high-conviction position among the portfolio’s 25 to 35 stocks, which span diverse industries and countries.

True ESG Integration
Responsible investing is a fundamental tenet to fulfil our mandate: invest in high-quality growth companies

Our approach to responsible investing is consistent with our overall investment approach. And one of the most important questions we ask ourselves when analysing a company in order to determine if it's a suitable addition is: Do we want to be in this business with these people? In the world of Environmental, Social and Governance (ESG) investing, this business covers environmenntal and social, and these people cover governance.

Our Approach to Concentrated Equity Investing
Watch Video
AB Concentrated Equity Annual Stewardship Report

 

In the report you will find:

  • Summary of the Concentrated Growth team’s approach to responsible investing
  • The role company engagements play in our responsible investing strategy
  • Review of the team’s 2022 goals to engage with portfolio companies on carbon emissions and gender diversity
  • Company specific examples of environmental, social and governance engagements
  • Engagements and responses to some of the controversies that occurred during 2022
  • Outline of our responsible investing goals for 2023
Download PDF
 

Global Equity Market and Investment Podcast

Every fortnight, Mark Phelps and Dev Chakrabarti take stock of the markets based on their experiences managing the portfolio and meeting with companies, and provide insight on portfolio positioning in light of macroeconomic trends and corporate earnings news.

Listen to the briefing every fortnight or catch up on previous episodes

LEARN MORE
Portfolio Management Team

Dev Chakrabarti (CIO) leads the team of dedicated analysts located in the US, Europe and Asia. Our team benefits from an average of over 21 years of experience and one of the highest “analyst to company” ratios in the industry.

Why Invest?

  1. Attractive Growth Potential:

    Actively-managed, concentrated portfolio of high-calibre stocks

  2. Quality Over Quantity:

    Selectively investing in quality companies with consistent revenue and earnings growth potential of more than 10% p.a.

  3. Consistent Alpha:

    Focusing on businesses with strong fundamentals, a good track record and sustainable growth trajectories

  4. True ESG Integration:

    Responsible investing is a fundamental tenet to fulfil our mandate: invest in high-quality growth companies

  5. Investing in the Best of the Best:

    Robust analysis on each company, assessing five-year projections and attractiveness of valuation

Risks to Consider

  1. Equity Securities Risk:

    The value of equity investments may fluctuate in response to the activities and results of individual companies or because of market and economic conditions. These investments may decline over short or long periods

  2. Liquidity Risk:

    In times of difficult market conditions it may be harder or take longer to sell assets. This may impact on the price of the assets and the value of the fund

  3. Derivatives Risk:

    The Fund may use financial derivative instruments which may result in increased gains or losses

  4. Other Risks Include:

    Concentration risk, Counterparty & Custody Risk, Country Risk, Currency Risk, Illiquid or Restricted Securities Risk, Investment in Collective Investment Schemes Risk, Management Risk, Small and Mid-Cap Equity Risk

For a full explanation of risks and the overall risk profile of this fund and the share classes within it, please refer to the Key Investor Information Documents (KIIDs) and Prospectus. 

The sale of funds may be restricted or subject to adverse tax consequences in certain jurisdictions. This information is directed solely at persons in jurisdictions where the fund (and share classes) are registered or who may otherwise lawfully receive it. Before investing, investors should review the fund prospectus, together with the relevant fund specific documentation including KIID and latest reports. 

The ES AllianceBernstein Funds are Sub Funds of ES AllianceBernstein UK OEIC, an open-ended investment company. Equity Trustees Fund Services Ltd is the Authorised Corporate Director (ACD) of the Funds. The Prospectus, KIID, annual and semi-annual reports are available, in English, free of charge from the ACD's website (www.equitytrustees.com)

This is a marketing communication. This information is provided by AllianceBernstein (Luxembourg) S.à r.l. Société à responsabilité limitée, R.C.S. Luxembourg B 34 305, 2-4, rue Eugène Ruppert, L-2453 Luxembourg. Authorised in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier (CSSF). It is provided for informational purposes only and does not constitute investment advice or an invitation to purchase any security or other investment. The views and opinions expressed are based on our internal forecasts and should not be relied upon as an indication of future market performance. The value of investments in any of the Funds can go down as well as up and investors may not get back the full amount invested. Past performance does not guarantee future results. 

This information is directed at Professional Clients only and is not intended for public use.

© AllianceBernstein L.P.