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AB SICAV I-Emer Markets Multi-Asset Pf A USD

Ranked 3 out of 7 in - Emerging Markets over 12 months
All calculations are in GBP unless stated

Managed by

Henry D'Auria

Henry D’Auria is the chief investment officer of emerging markets value equities at Alliance Bernstein. Henry joined the firm in 1991 as a research analyst covering consumer and natural gas companies, and later covered the financial-services industry. He was previously a vice president and sell-side analyst at PaineWebber, where he specialised in restaurants, lodging and retail. He holds a BA in Economics from Trinity College and is a CFA charterholder.

Paul DeNoon

Paul DeNoon joined Alliance Capital as a portfolio manager in 1992 and currently takes charge of the massive AllianceBernstein-American Income Portfolio. The fund is 100% US Dollar denominated with DeNoon allocating between sectors based upon top-down analysis of global economic trends. Bottom-up in-house research drives the security selection. Prior to joining Alliance Capital, DeNoon spent six years working for Manufacturers Hanover Trust as an economist and ultimately portfolio manager. He started his career with two years as an economic research analyst at Lehman Brothers. DeNoon was born in Rochester, New York, in 1962 and holds a bachelor’s degree in economics from Union College, Schenectady, New York, and a masters degree in finance from New York University. Away from the office he is a keen skier and keeps himself busy coaching youth soccer.

Morgan Harting

Morgan C. Harting is the lead Portfolio Manager for all Multi-Asset Income strategies. He also manages the Emerging Markets Multi-Asset Portfolio and is a member of the portfolio team for the Frontier Emerging Markets Portfolios. Harting joined AB in 2007 as part of the global and emerging-market equities portfolio-management team. Prior to that, he was a sovereign-debt analyst, first at Standard & Poor’s and then at Fitch Ratings, where he was a senior director. Harting holds a BA from Wesleyan University, and both an MA in international relations and an MBA from Yale University, where he was a graduate teaching fellow in international economics. He is a CFA charterholder and a Chartered Alternative Investment Analyst (CAIA).


The Portfolio seeks to maximize total return. The Portfolio strategy seeks to meet its investment objective primarily through asset allocation among stocks and bonds of emerging market issuers, sector and security analysis, interest rate management, country and currency selection. The Investment Manager will pursue the Portfolio's investment objective of maximizing total return while also seeking to moderate volatility. The Investment Manager will actively adjust the Portfolio's investment exposures to emerging market issuers and a variety of emerging markets and other asset classes, with the goal of producing what the Investment Manager considers to be the Portfolio's optimal risk/return profile at any particular point in time.

Showing fund performance in United Kingdom View performance globally


Emerging Markets over : 31/03/2018 - 31/03/2019

Total Return

Quarterly Performance

to 31/03/2019 Annual Q1 Q2 Q3 Q4
2019 7.9%
2018 -9.9% -2.8% -3.1% 1.6% -5.9%
2017 11.2% 8.0% 0.1% -0.3% 3.2%
2016 33.0% 10.9% 9.6% 8.6% 0.8%
2015 -1.4% 6.6% -3.1% -6.8% 2.4%
2014 6.0% -1.0% 4.2% 2.0% 0.7%
2013 -10.0% 4.7% -9.5% -4.1% -0.9%
2012 9.8% 9.0% -6.7% 2.4% 5.4%
2011 -16.4% 3.9%

Month by Month Performance

Returns Vs Risk

Asset Allocation



Top 10 Holdings

Stock Size
Alibaba Group Holding Ltd DR 3.97%
Samsung Electronics Co Ltd ORD 3.02%
Tencent Holdings Ltd ORD 2.84%
China Petroleum & Chemical Corp ORD 2.30%
NK Lukoil PAO DR 2.08%
KT Corp DR 1.82%
China Everbright Ltd ORD 1.59%
Hana Financial Group Inc ORD 1.56%
Tosoh Corp ORD 1.55%
Formosa Chemicals & Fibre Corp ORD 1.52%

Registered For Sale In

  1. Belgium
  2. Finland
  3. France
  4. Germany
  5. Hong Kong
  6. Iceland
  7. Italy
  8. Korea
  9. Luxembourg
  10. Macau
  11. Netherlands
  12. Norway
  13. Singapore
  14. Spain
  15. Sweden
  16. Switzerland
  17. Taiwan
  18. United Kingdom

Fund Info

  • Launch date01/06/2011
  • Share Class size222Mn
  • Base currencyUSD
  • ISIN LU0633140560

Purchase Info

  • Min. initial investment2,000
  • Min. regular additional investment0


  • Annual management1.60%
  • Initial investment1.60%

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).