AllianceBernstein

Alliance Bernstein International Shares

Investment objectives and strategies

• Outperform the MSCI World (ex-Australia) Index in Australian Dollars (after fees and tax) over rolling three year periods.

Risk / return profile

• High to very high.
• Corresponding high returns.
• Likelihood of a negative annual return in any one year: one in every three to four years (although losses could be more frequent over shorter periods).
• Investment is fully exposed to currency fluctuations.
• Manager is permitted to invest a limited proportion of the portfolio in emerging countries.

Investment style

• Active style blend of value and growth global equity manager that aims to deliver long-term growth of capital on a total return basis using a barbell structure of high conviction growth and value stocks.

Asset mix