alliance bernstein american fund

Morningstar OBSR has put the rating of the AllianceBernstein American Growth Fund under review following news the manager Scott Wallace departed the firm.

alliance bernstein american fund


Wallace has been replaced by Frank Caruso as the lead manager on the fund and the analyst team has also been restructured.

The investment research and ratings agency said it believes these changes warrant caution until it has been able to assess their impact on the fund and the way it is run.

Previously, the fund held a Morningstar OBSR analyst rating of bronze.


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