Alliance Capital Announces Launch of Acm Global Investments - European Technology Portfolio.Business Editors LUXEMBOURG--(BUSINESS WIRE)--May 30, 2000 Alliance Capital today announced the launch of ACM (Association for Computing Machinery, New York, www.acm.org) A membership organization founded in 1947 dedicated to advancing the arts and sciences of information processing. In addition to awards and publications, ACM also maintains special interest groups (SIGs) in the computer field. Global Investments-European Technology Portfolio, a concentrated technology-focused equity fund comprised of European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. based telecom, media and technology securities. ACMGI-European Technology Portfolio is sponsored by ACM International, which is responsible for the non-US mutual funds business of Alliance Capital Management L.P. This Luxembourg Luxembourg, province, Belgium Luxembourg, Du. Luxemburg, province (1991 pop. 232,813), 1,706 sq mi (4,419 sq km), SE Belgium, in the Ardennes, bordering on the Grand Duchy of Luxembourg in the east and on France in the south. registered fund is not available to US investors. ACMGI-European Technology Portfolio is managed by Leslie Manookian, Senior Vice President and Director of European Equity Research at Alliance Capital, along with a team of European industry-focused technology analysts. The Portfolio seeks long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. capital appreciation through a concentrated portfolio of 40 to 60 European telecom, media and technology securities. It is currently anticipated that the Portfolio's top 10 holdings will equal approximately 30-40% of its holdings. ACMGI-European Technology Portfolio uses a bottom-up fundamental research and stock selection process focusing on in-depth understanding of products, services, markets and competition; strong relationships with company management; financial models; and team perspectives, judgements and conclusions. Stock weightings are a function of potential performance and analyst conviction. ACMGI-European Technology Portfolio is the third in a series of ACM International fund products focused on technology investments. "Technology is a vital strategic investment for companies competing in the global marketplace," says Leslie Manookian, Senior Vice President and Director of European Equity Research at Alliance Capital. "And we believe Europe has emerged as a market leader in key areas of telecom, media and technology". Alliance Capital manages over US $40 billion in technology stocks and has a team of 17 dedicated technology, media and telecom analysts located worldwide. Leslie Manookian has over 7 years experience analyzing European stocks and manages over $3 billion in European-related assets including retail and institutional accounts. ACMGI European Technology Fund may not be offered or sold, directly or indirectly, in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. or to U.S. persons, as is more fully described in the Portfolio's offering circular Offering Circular An abbreviated prospectus for a new security listing. Delivered to individuals and brokerage houses, these documents are issued to arouse interest in the new issue. Notes: An offering circular allows investors to access information regarding a new issue. . Prospective investors should consult their financial advisers and obtain a copy of the Portfolio's offering circular before deciding to invest. Shares in this fund are only offered pursuant to the offering circular and may not be available for sale in all jurisdictions. About Alliance Capital With over $394 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. , Alliance Capital Management L.P. [NYSE NYSE See: New York Stock Exchange : AC] is helping investors worldwide reach their investment goals. The New York-based global investment manager is one of the world's largest mutual fund providers, with millions of individuals investing through the firm's family of 249 funds. In addition, Alliance manages retirement assets for 28 of the United States' Fortune 100 companies, public pension funds in 33 U.S. states A U.S. state is any one of the fifty subnational entities of the United States, although four states use the official title "commonwealth". The separate state governments and the federal government share sovereignty, in that an American is a citizen both of the federal entity and , and retirement funds for some of the largest U.S. employee benefit plans. |
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