AllianceBernstein Sets Out New International Fund

November 18, 2010 ( - AllianceBernstein L.P. has launched the AllianceBernstein International Discovery Equity Portfolio. 

The fund, which invests primarily in a diversified portfolio of non-U.S. small- and mid-capitalization companies, is listed under the ticker symbol ADEAX.

According to the announcement, drawing on a global research platform that combines fundamental and quantitative analysis, the new fund employs a “bottom-up” investment process that focuses on a company’s prospective earnings growth, valuation and quality of management. The fund does not target particular country or sector weightings in its stock selections.

With the investment objective of seeking long-term growth of capital, the Fund normally will hold the equity securities of approximately 150 – 200 small- and mid-capitalization companies outside of the U.S.

Liliana Dearth is leading the team managing the Fund. She has 19 years of experience as an investment professional, with the past 11 years at AllianceBernstein.