AllianceBernstein launches global financial credit fund

AllianceBernstein has launched global AB Financial Credit Portfolio that offers a dedicated credit strategy investing in this fast-growing sector. The fund seeks the best risk adjusted opportunities across the capital structure of financial companies around the globe, with a focus on subordinated debt including Additional Tier 1 (AT1).

The AB Financial Credit Portfolio is managed by Jorgen Kjaersgaard and Matthew Minnetian who are supported by a team of credit and quantitative analysts as well as specialist traders.

Jorgen Kjaersgaard said: “Since the financial crisis in 2008, banks have significantly de-levered their balance sheet and now hold a higher level of capital and better quality assets. We expect the $200bn market for Additional Tier 1 (AT1) to grow as emerging markets banks, especially from China, and second tier European banks start issuing such securities.”

Lee Matthews, director, UK Sales added: “The differentiating risk factors for subordinated debt can provide attractive risk adjusted returns, especially as rising rates are expected to have a positive impact on bank profitability. Given the increasing size of the market and its complexity, we see growing investor demand for a dedicated credit fund investing in this sector.”

ABOUT THE AUTHOR
Ridhima Sharma
Ridhima Sharma speaks German and is DACH Correspondent for InvestmentEurope. She has more than 8 years of experience in the media industry. Before joining us, she was working in India and covering automotive and lifestyle sectors. Over the years many of her stories have been published in various magazines across India.

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