Relevance of strategy
This fund represents active exposure to global large cap-biased healthcare-related companies.
Differentiated portfolio
The fund runs a bottom-up approach that combines fundamental and quantitative research.
AllianceBernstein (AB) is a US-based global asset management firm created from the merger of Alliance Capital and Sanford C. Bernstein in the year 2000. AB manages over US$820bn worth of assets across long-only funds and private asset solutions. The AB International Health Care Portfolio is an actively managed fund that seeks to increase the value of investment over time through capital growth, by investing primarily in equities of companies in healthcare and healthcare-related industries globally across both developed and emerging markets. The fund has no market cap constraints though it has a large cap bias. The fund uses bottom-up fundamental and quantitative research to select securities that it believes have strong business fundamentals and offer superior long-term growth characteristics. The fund balances portfolio risk by allocating capital across various healthcare sub-sectors including pharmaceuticals, healthcare equipment, biotechnology and healthcare services. The fund has a concentrated portfolio of >45 holdings.