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The views expressed herein do not constitute research, investment advice or trade recommendations and do not necessarily represent the views of all AB portfolio-management teams. Views are subject to revision over time.
Historical analysis does not guarantee future results.
Definition of recession periods based on the business cycle dating indicator from the National Bureau of Economic Research.
As of September 30, 2023
Source: Bloomberg, National Bureau of Economic Research and AllianceBernstein (AB)
Historical analysis does not guarantee future results.
Equity returns represented by MSCI World Index; bond returns by AB’s aggregation of developed-market sovereign bonds scaled to duration; 60/40 portfolio comprised of 60% equity and 40% bond; commodities represented by AB’s aggregation of individual commodities based on Bloomberg Commodity Index weights; hedge funds represented by the HFRI Composite Index; trend strategies represented by the Société Générale Cross Asset Trend Following Index. Rate cut periods used for this analysis occurred between 1990 to 2023.
As of September 30, 2023
Source: Bloomberg, Hedge Fund Research, MSCI, Société Générale and AB
The views expressed herein do not constitute research, investment advice or trade recommendations and do not necessarily represent the views of all AB portfolio-management teams. Views are subject to revision over time.
Investment involves risk. The information contained here reflects the views of AllianceBernstein L.P. or its affiliates and sources it believes are reliable as of the date of this publication. AllianceBernstein L.P. makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future results. The views expressed here may change at any time after the date of this publication. This article is for informational purposes only and does not constitute investment advice. AllianceBernstein L.P. does not provide tax, legal or accounting advice. It does not take an investor's personal investment objectives or financial situation into account; investors should discuss their individual circumstances with appropriate professionals before making any decisions. This information should not be construed as sales or marketing material or an offer of solicitation for the purchase or sale of, any financial instrument, product or service sponsored by AllianceBernstein or its affiliates. This presentation is issued by AllianceBernstein Hong Kong Limited (聯博香港有限公司) and has not been reviewed by the Securities and Futures Commission.