AllianceBernstein [see profile]
is launching its first retail emerging markets mutual fund, as well as another bond fund. In the "Fund Times" column, Morningstar reports
that the New York-based asset manager just filed to launch its Emerging Markets Equity
fund next year [see filing
Morningstar sees the planned fund as an attempt to stem AllianceBernstein's international outflows, as emerging markets funds are trendier than broader-mandate or developed-market-focused funds. The firm has also filed to launch its International Bond
fund in 2012.
AllianceBernstein has offered an institutional emerging-markets strategy for more than a decade and a half. The new Emerging Markets Equity
fund will be co-PMed by emerging markets chief investment officer Henry D'Auria
and emerging markets value research director Sammy Suzuki
. The fund will offer A shares for 425 basis points up front and 175 bps in annual fees, C shares for 100 bps in deferred load and 245 bps in annual fees, and Advisor shares for no load and 145 bps in annual fees.
Neil Anderson, Managing Editor
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