Alpha Fund Managers has become the initial investor in the AllianceBernstein (AB) global equities fund, adding the fund to their portfolio.
The AB Global Equities Fund aims to produce consistent returns over a three-year period.
Alpha Fund Managers parent company, Infocus Wealth Management, managing director Rod Bristow said: “We believe that adding AllianceBernstein Global Equities Fund to our portfolio will create value for our clients.”
“The strategy has a strong performance record, clear investment philosophy and a long-standing investment team.”
According to AB portfolio manager and senior research analyst, Klaus Ingemann, the fund aims to produce strong returns over time by owning companies which generate sustainable returns on capital.
"Many investors rely on reported accounting profits to guide their stock selection, but this creates risk, in our view," he said.
“Accounting data inherently contain distortions, making comparison between companies difficult. We believe share prices should reflect real, cash-based earnings and their sustainability.”
AB Australia chief executive Jen Driscoll added: “We look forward to complementing [Alpha Funds Managers] offerings with our differentiated approach to delivering consistent and competitive investment returns.”
JP Morgan Asset Management has signed on to a new service from global funds network Calastone, introducing automated settlements to its Morg...
The Australian market for impact investments, which aims to deliver social or environmental impact alongside a financial return, is reported...
The bank has taken a grim outlook on the COVID-19 crisis and has provisioned for downside economic scenarios. ...