AllianceBern Global Thematic Gr AALTFX

Morningstar Rating

Fund Research and Analysis

by Katie Rushkewicz

AllianceBernstein Global Thematic Growth has had the wind at its back.

As its name suggests, this fund focuses on the big picture. Manager Catherine Wood, who took over in late 2008 when the former tech fund became a free-ranging growth offering, develops Read more

Kudos

A recently expanded mandate will increase this former sector fund's flexibility, allowing it to invest across various sectors and regions.

Large tax-loss carryforward means this fund will be tax-efficient for a while.

Manager has run a separately managed account in a similar fashion with good results. Read more

Risks

Wood's previous charge was extremely volatile due to her thematic investment style, and that will likely be the case here, too.

High expense ratio.

Strategy could favor bold sector bets.

There have been recent changes within the oversight group and underlying analysts. Read more

Strategy

This former tech fund broadened its scope in November 2008. It now focuses on long-term trends involving technological and economic innovation across various industries and regions. It then uses fundamental Read more

Management

Catherine Wood replaced Janet Walsh in November 2008. Wood managed the highly volatile AllianceBernstein Small/Mid Cap Growth from 2003-08 and amassed a decent record. She's joined by director of research for U.S. growth equities Amy Raskin, director Read more

Inside Scoop

In an effort to boost performance, AllianceBernstein is moving away from sector funds. In November 2008, this former tech fund transitioned into a broader offering. It uses Read more

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