The AB International Growth Fund invests “in an international portfolio of equity securities of companies selected by the Adviser for their growth potential within various market sectors.”
The AB International Growth Fund – Class A (AWPAX) has been the best performer among the 12 funds in this review in the past one and three months ended June 17, 2016.
BIAHX fell 1.1% in 1Q16, ranking it third among the 12 funds in this review. In the past one year, the fund posted small gains of 0.2%, which again placed it third in its peer group.
From a NAV return standpoint, BIAHX stood third among its peers for the one-year period until March 15, 2016. Since the ECB announcement of stimulus measures, the fund is fifth.
Prudential (PUK), UBS Group (UBS), Nissan Motor (NSANY), Credicorp (BAP), and Melco Crown Entertainment (MPEL) are among the AB International Growth Fund’s 71 holdings.
The World Bank noted that the slow growth rate of emerging and developing countries came along a slowdown in global trade and a rise in financial volatility.
The pound-US dollar currency pair was on a downtrend in the new year. It saw a slight uptick on January 14, 2016. It posted a slight gain of 0.17% for the day.
China went through many important events recently—like the equity bubble burst, the cut in interest rates, the stock sell-off, and currency devaluation through the first half of 2015.
