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AllianceBernstein Launches Diversity-focused Fund  

Global asset management firm AllianceBernstein has launched the AB Diversity Champions Equity Portfolio that will invest in companies aligned to at least one of three of the Sustainable Development Goals (SDGs) focused on promoting gender equality, decent work and economic growth and reducing inequalities. The fund, which is Article 9 under SFDR, will also use AllianceBerstein’s proprietary diversity champion assessment tool to identify companies. Vivian Lubrano, Joint Portfolio Manager AB Diversity Champions Equity Portfolio, said:, “It is harder than ever for companies to stay ahead of the competition and deliver attractive returns in an uncertain and volatile market environment. But there is one increasingly important factor that can help them succeed: building a workforce that embraces the benefits of diversity, equity and inclusion. We didn’t feel that this competitive advantage has yet been properly understood or valued by the market, but we aim to bring it to the forefront.” 

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