AllianceBernstein has launched a US equity fund aimed at capitalising on large and mid-cap stock opportunities thrown up by slowing growth in North America.
The Luxembourg-domiciled Select US Equity Portfolio will be managed by Kurt Feuerman, who joined AllianceBernstein from Caxton Associates in June 2011.
While the fund is intended to be an all-cap approach, the firm said it will mainly centre on large and mid-cap stocks and will invest in 25 to 75 stocks.
Launching the fund, Feuerman, who has over 30 years' investment experience, said: ‘In our view, slowing economic growth, if it occurs, doesn’t necessarily mean bad times ahead for stocks.'
'It would, however, have a major impact on which types of stocks outperform.’