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The value of an investment can go down as well as up and investors may not get back the full amount they invested.
Historical analysis and current forecasts do not guarantee future results.
As of December 31, 2020
Left Scale: Companies included in the MSCI World index. Dividend reductions defined as >25% reduction in implied dividend payments over the next 12months
Right scale: MSCI indices net return (NR) in USD. High Dividend Equity Index is the MSCI Global High Dividend Index.
Source: Bloomberg, MSCI and AllianceBernstein (AB)
The value of an investment can go down as well as up and investors may not get back the full amount they invested.
The views expressed herein do not constitute research, investment advice or trade recommendations and do not necessarily represent the views of all AB portfolio-management teams. Views are subject to revision over time.
MSCI makes no express or implied warranties or representations, and shall have no liability whatsoever with respect to any MSCI data contained herein.
Karen Watkin joined AB in 2003 and is Portfolio Manager for the Multi-Asset Solutions business in EMEA. Along with being Portfolio Manager for the All Market Income Portfolio, she is responsible for the development and management of multi-asset portfolios for a range of clients. From 2008 to 2011, Watkin was portfolio manager for the Index Strategies Group.
Balance and dynamism characterize Watkin's investment philosophy. "It always starts with defining the client outcome we're trying to deliver," she says. To do this, Watkin and her team consider not just risk and return objectives, but income and the specific characteristics that accompany asset classes with more attractive yields.
This flexible approach allows Watkin to manage short-term risk without sacrificing long-term returns. "As income investors, it's important to be nimble," she says.