Alger Growth Equity ETF Suite Surpasses $1 Billion in AUM
Fred Alger Management's ETF suite has surpassed $1 billion in assets under management, reflecting growing demand for active investment strategies. The firm now manages four active ETFs, with the Alger AI Enablers & Adopters ETF (ALAI) delivering 31% returns since inception in 2024, outperforming the S&P 500. This growth highlights the increasing adoption of active ETFs by investors and financial advisors.
Topics: assets under management ETFs financial advisors growth equity innovation investment management