Alger Launches Second High-Conviction ETF, 'ATFV'

By Aaron Neuwirth7 days ago

On Tuesday, Fred Alger Management, LLC (Alger), a leading growth equity investment manager, announced the launch of theAlger 35 ETF (ATFV), a high-conviction, actively managed exchange traded fund (ETF). It will invest in the 35 best ideas sourced from the firms experienced analyst team.

Effective on or about May 7, 2021, ATFV will be reclassified as Class Z. Class Z Shares will have the same total expense ratio and characteristics as the existing Class P Shares.

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Alger 35 ETF will be managed by Dan Chung, CEO and Chief Investment Officer of Alger. Dan, who has 27 years of investment experience, is also a portfolio manager on several of Algers long only and long/short growth equity strategies. The ETF will execute a strategy similar to the Alger 35 Fund, a five-star Morningstar-rated fund, which launched in 2018.

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