MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, November 14, 2011 AllianceBernstein Preps Two International Funds 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. Printed from: MFWire.com/story.asp?s=38324 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |