AllianceBernstein's Global Funds Win Top Industry Honors for Best-In-Class Performance
NEW YORK, May 16, 2013 /PRNewswire/ -- AllianceBernstein announced today that nine of its funds spanning the fixed income, equities, emerging markets and technology sectors won a total of 35 top honors in Europe, Asia and the U.S. at this year's Lipper awards. The awards highlight AllianceBernstein's continued recognition for strong performance and diverse product offerings -- which have helped drive ongoing business momentum across the globe, including annual gross sales of $82 billion in 2012, the firm's highest since 2007.
16 Awards in Asia:
In Asia, where the firm commands a leading fixed income market share in multiple markets, AllianceBernstein's Global High Income was recognized as the Best Global Bond Fund in Japan for the second straight year. In Hong Kong, Singapore and Taiwan, AllianceBernstein's International Technology Portfolio and Emerging Markets Debt Portfolio won top honors for the equity sector information technology and bond emerging markets global categories. AllianceBernstein's American Income Portfolio was recognized for its longstanding consistent risk-adjusted performance and was awarded best-in-class honors for performance over the 3-, 5- and 10-year periods in Singapore and for the 10-year period in Hong Kong.
AllianceBernstein was also named the Best Bond Group in Japan -- an award given to the fund family in the region with the highest average risk-adjusted returns among all of its fixed income funds.
16 Awards in Europe:
In Europe, AllianceBernstein equity and fixed income funds were recognized for top 3- and 10-year performance. Its Global High Yield fund was recognized by Lipper for best-in-class 10-year performance, its European Income fund won best-in-class 3-year performance and its International Technology fund won for best-in-class 3-year performance in the equity sector information technology category. In total, AllianceBernstein's European funds won awards in more than seven countries.
Additionally, Lipper's 2012 Market Review determined AllianceBernstein's American Income Portfolio was the top-selling bond fund in Europe in 2012 and its Global High Yield Portfolio was the continent's largest High Yield Fund in 2012 measured by assets under management, a testament to the firm's growing Fixed Income business in Europe.
3 Awards in North America:
In the U.S., AllianceBernstein's Discovery Growth and Small Cap Growth equity offerings were recognized for best-in-class 3-year performance out of a field of more than 200 competing funds. Among its fixed income offerings, High Income Fund won best-in-class performance for the High Yield funds category for the 10- year period out of a field of more than 100 competing funds.
"We're committed to serving the long-term needs of our clients, as well as providing innovative solutions that address the more immediate challenges of recent market cycles," said Bob Keith, Head of AllianceBernstein's Client Group. "To win best-in-class awards for a range of fixed income and equity solutions we've developed for investors in multiple regions is confirmation that our client-focused strategy is working."
This year's Lipper awards include:
16 in Asia:
- International Technology Portfolio: Equity Sector Information Technology in Hong Kong, Singapore and Taiwan (3 years)
- AllianceBernstein, Best Bond Group in Japan
- American Income Portfolio: Bond US Dollar in Hong Kong (10 years) and Singapore (3,5 & 10 years)
- Emerging Markets Debt Portfolio: Bond Emerging Markets Global -- Hard Currency in Singapore (3 & 5 years), Hong Kong (5 years) and Taiwan (5 years)
- European Income Portfolio: Bond Europe in Singapore (3 & 5 years)
- Global High Yield Portfolio: Bond Global - High Yield in Singapore and Japan (5 years)
- Global High Income Open B (Hedge): Bond Global Hedged to Yen (3 Years) in Japan
16 in Europe:
- International Technology Portfolio: Equity Sector Information Technology - Austria, France, Germany, Netherlands, Spain, Switzerland, and Europe-wide (3 years)
- Global High Yield Portfolio: Bond Global - High Yield in Austria, France, Germany, Netherlands, Spain, Switzerland, United Kingdom and Europe-wide (10 years)
- European Income Portfolio: Bond Europe -- France (3 Years)
3 in the U.S:
- Discovery Growth Fund: Mid-Cap Growth Funds category. I shares (3 years)
- Small Cap Growth Portfolio: Small-Cap Growth Funds category, I shares, (3 years)
- High Income Fund: High Yield Funds category, A shares (10 years)
About The Lipper Fund Awards Methodology
The Lipper Fund Awards recognize funds that have excelled in delivering consistently strong risk-adjusted performance, relative to peers. Lipper, a Thomson Reuters company, uses the Lipper Leader for Consistent Return methodology to designate award-winning funds in most individual classifications for the 3-, 5-, and 10-year periods.
About The Lipper Fund Awards
The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community. The Thomson Reuters Awards for Excellence recognize the world's top funds, fund management firms, sell-side firms, research analysts, and investor relations teams. The Thomson Reuters Awards for Excellence also include the Extel Survey Awards, the StarMine Analyst Awards, and the StarMine Broker Rankings. For more information, please contact firstname.lastname@example.org or visit http://excellence.thomsonreuters.com/award/lipper
AllianceBernstein is a leading global investment-management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private clients in major world markets.
As of March 31, 2013, AllianceBernstein Holding L.P. owned approximately 38.0% of the issued and outstanding AllianceBernstein Units, and AXA, one of the largest global financial-services organizations, owned an approximate 64.2% economic interest in AllianceBernstein.
Additional information about AllianceBernstein may be found on our website, www.alliancebernstein.com.
"A Word About Risk"
Capitalization Size Risk (Small/Mid): Small- and mid-cap stocks are often more volatile than large-cap stocks--smaller companies generally face higher risks due to their limited product lines, markets and financial resources. Foreign (non US) Risk: Non-US securities may be more volatile because of political, regulatory, market and economic uncertainties associated with such securities. Fluctuations in currency exchange rates may negatively affect the value of the investment or reduce returns. These risks are magnified in emerging or developing markets. Derivatives Risk: Investing in derivative instruments such as options, futures, forwards or swaps can be riskier than traditional investments, and may be more volatile, especially in a down market. Market Risk: The market values of the portfolio's holdings rise and fall from day to day, so investments may lose value. Leverage Risk: Trying to enhance investment returns by borrowing money or using other leverage tools--magnify both gains and losses, resulting in greater volatility. Inflation Risk: Prices for goods and services tend to rise over time, which may erode the purchasing power of investments. Below Investment Grade Securities Risk: Investments in fixed-income securities with lower ratings (commonly known as "junk bonds") tend to have a higher probability that an issuer will default or fail to meet its payment obligations. Interest Rate Risk: As interest rates rise, bond prices fall and vice versa - long-term securities tend to rise and fall more than short-term securities.
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 us online at www.alliancebernstein.com or contact your AllianceBernstein Investments representative.
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Investment Products Offered:
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The value of an investment can go up or down and past performance is neither indicative of, nor a guarantee of, future results. The sale of AllianceBernstein funds may be restricted or subject to adverse tax consequences in certain jurisdictions. This information is directed solely at persons in jurisdictions where the funds and relevant share class are registered or who may otherwise lawfully receive it. Before investing in AllianceBernstein funds, investors should review the fund's full prospectus, together with the fund's Key Investor Information Document and the most recent financial statements. Copies of these documents, including the latest annual report and, if issued thereafter, the latest semi-annual report, may be obtained free of charge from AllianceBernstein (Luxembourg) S.A.R.L., by visiting "http://www.alliancebernstein.com" www.alliancebernstein.com or by contacting the local distributor in the jurisdictions in which the funds are authorised for distribution.
Note to Hong Kong readers: The issuer of this document is AllianceBernstein Hong Kong Limited. This document has not been reviewed by the Hong Kong Securities and Futures Commission. Past performance is no guarantee of future results.
International Technology Portfolio
The portfolio invests primarily in global equity securities of companies that derive a substantial portion of their sales from products and services in science and technology. Invest in emerging markets is subject to higher volatility and higher risks (e.g. liquidity risk, currency risk, political risk, regulatory risk and economic risk). Investment in the portfolio may also involve industry/sector risk, currency risk, management risk and technology industries risk. The value of the portfolio can be volatile and can go down substantially within a short period of time. It is possible that the entire value of your investment in the portfolio can be lost. The portfolio is entitled to use derivative instruments for hedging and efficient portfolio management purposes which may involve additional risks. In adverse situations, the portfolio's use of derivative instruments may become ineffective in hedging or efficient portfolio management and the portfolio may suffer significant losses. Investors should not rely on this document alone to make investment decisions.
Emerging Markets Debt Portfolio
The portfolio invests in sovereign-debt obligations and non-U.S. corporate fixed-income securities from issuers in emerging and developing countries. The portfolio is entitled to use derivative instruments for hedging and efficient portfolio management purposes which may involve additional risks. In adverse situations, the portfolio's use of derivative instruments may become ineffective in hedging or efficient portfolio management and the portfolio may suffer significant losses. A significant portion of the portfolio may (at any time exceeding 50% of the portfolio's NAV) invest in non-investment grade structured securities (for example, mortgage-backed securities, adjustable-rate mortgage securities, collateralized mortgage obligations, asset-backed securities, commercial mortgage-backed securities and collateralized debt obligations). Such investments may be subject to high volatility and involve significant risk, including leverage risk, market risk, liquidity risk and the risk of issuer or counterparty default or insolvency, which may potentially result in a total loss of your investment in the portfolio. Invest in emerging markets is subject to higher volatility and higher risks (e.g. liquidity risk, currency risk, political risk, regulatory risk and economic risk). Investment in the portfolio may also involve credit risks, fixed-income securities risk, focused portfolio risk, country risk and management risk. The value of the portfolio can be volatile and can go down substantially within a short period of time. It is possible that the entire value of your investment in the portfolio can be lost. Dividends may be paid from capital of the Portfolio, which may amount to a partial return or withdrawal of an investor's original investment or from any capital gains attributable to that original investment. Such dividends may result in an immediate decrease of the Net Asset Value per Share. Investors should not rely on this document alone to make investment decisions
American Income Portfolio
The portfolio invests solely in U.S. dollar-denominated fixed-income securities, including investment grade and high yield, non-investment grade securities of issuers domiciled within and outside the U.S. Investment in the portfolio may also involve fixed-income securities risks, illiquid assets risk, management risk and credit risks. Exposure to lower rated and unrated instruments can subject the Portfolio to greater risk of loss of principal and interest than higher-rated securities. The value of the portfolio can be volatile and can go down substantially within a short period of time. It is possible that the entire value of your investment in the portfolio can be lost. The portfolio is entitled to use derivative instruments for hedging and efficient portfolio management purposes which may involve additional risks. In adverse situations, the portfolio's use of derivative instruments may become ineffective in hedging or efficient portfolio management and the portfolio may suffer significant losses. Dividends may be paid from capital of the Portfolio, which may amount to a partial return or withdrawal of an investor's original investment or from any capital gains attributable to that original investment. Such dividends may result in an immediate decrease of the Net Asset Value per Share. Investors should not rely on this document alone to make investment decisions.
Note to Singapore readers: These materials are issued in Singapore by AllianceBernstein (Singapore) Ltd. (Company Registration No. 199703364C). AllianceBernstein investment portfolios are part of ACMBernstein, a mutual investment fund (fonds commun de placement) or ACMBernstein SICAV (societe d'investissement a capital variable), an open-ended investment company organized under the laws of Luxembourg, which conducts business outside of Germany, Austria and Switzerland under the name AllianceBernstein.
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Note to UK Readers: This document has been provided by AllianceBernstein Limited. Authorised and regulated in the UK by the Financial Services Authority. The value of investments can fall as well as rise, and you may not get back the original amount invested.
Note to Japanese Institutional Readers: This document has been provided by AllianceBernstein Japan Ltd. AllianceBernstein Japan Ltd. is a registered investment-management company (registration number: Kanto Local Financial Bureau no. 303). The firm is also a member of Japan Securities Investment Advisers Association and the Investment Trusts Association, Japan.
Note to Australian Readers: This document has been issued by AllianceBernstein Australia Limited (ABN 53 095 022 718 and AFSL 230698). Information in this document is intended only for persons who qualify as "wholesale clients," as defined in the Corporations Act 2001 (Cth of Australia), and should not be construed as advice.
Note to New Zealand Readers: This document has been issued by AllianceBernstein New Zealand Limited (AK 980088, FSP17141). Information in this document is intended only for persons who qualify as "wholesale clients," as defined by the Financial Advisers Act 2008 (New Zealand), and should not be construed as advice.
Note to Singapore Readers: This document has been issued by AllianceBernstein (Singapore) Ltd. (Company Registration No. 199703364C). The Company is a holder of a Capital Markets Services Licence issued by the Monetary Authority of Singapore to conduct regulated activity in fund management.
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