#United States #New York #ETFs #Alger Management #Growth Investing

Alger Growth Equity ETF Suite Surpasses $1 Billion in AUM

Fred Alger Management, LLC, a well-known growth equity investment manager, proudly announces a significant achievement: its suite of exchange-traded funds (ETFs) has exceeded $1 billion in assets under management (AUM). This landmark accomplishment reflects a growing trend among both financial advisors and investors who are turning to active investment strategies for growth.

Established in 1964 and headquartered in New York City, Alger has built a robust investment platform with over $31.8 billion in assets. The firm’s ETF offerings have gained traction since their inception, with notable achievements recorded in a relatively short timeframe. In October 2025, the firm reported that ETF assets had crossed the $600 million mark, marking a pivotal moment in its growth trajectory.

Currently, Alger manages four active ETFs that cater to various innovative themes and sectors. These include:
1. Alger 35 ETF (ATFV): A high-conviction portfolio comprising about 35 U.S. companies demonstrating positive dynamic change.
2. Alger AI Enablers & Adopters ETF (ALAI): A specialty ETF focusing on companies facilitating or utilizing artificial intelligence.
3. Alger Concentrated Equity ETF (CNEQ): This fund targets concentrated positions in promising growth stocks.
4. Alger Mid Cap 40 ETF (FRTY): This fund zeroes in on mid-cap growth companies identified through thorough research.

According to Dan Chung, CEO and Chief Investment Officer at Alger, "Innovation is reshaping industries at an extraordinary pace, and our ETFs provide access to actively managed strategies tailored for investors seeking exciting opportunities. Our approach not only maintains transparency but also provides flexibility that traditional investments may lack."

The Alger 35 ETF has received recognition, including a five-star rating from Morningstar, affirming its high-conviction investment approach. The fund’s strategy is managed by a team that deeply analyzes market conditions, focusing on companies poised for growth. This ETF also honors the memory of 35 Alger colleagues who perished in the 9/11 attacks, with initiatives aimed at supporting local non-profits in their memory.

In addition to the Alger 35 ETF's success, the two latest specialty ETFs have demonstrated impressive early performance since their launch in 2024. The ALAI ETF has achieved a return of around 31%, significantly outperforming the S&P 500's 14% during the same period. Similarly, the CNEQ ETF has eclipsed both the Russell 1000 Growth and the S&P 500 by approximately 12 percentage points.

With the Alger Mid Cap 40 ETF managed by Amy Y. Zhang, investors gain exposure to roughly 40 mid-cap growth companies that exhibit strong growth potential. This strategy has shown notable outperformance against the Russell Midcap Growth Index, exceeding it by around 13 percentage points over one year and by more than 3.6 percentage points over the past three years.

Christoph Hofmann, the President and Chief Distribution Officer, adds, "The ETF landscape is evolving, moving beyond simple passive exposure. Advisors are increasingly relying on active ETFs to tap into specialized investment knowledge. As demand for our growth strategies rises, we see a promising future ahead."

Fred Alger Management continues to assert its position as a leader in growth-style investment management. With over 60 years of experience, the firm's dedicated process of identifying companies undergoing positive changes remains essential to its investment philosophy. By launching a suite of ETFs, the firm not only meets the rising demand for advanced growth strategies but also empowers investors to unlock their potential to grow.

For further information on Alger and its investment capabilities, visit www.alger.com.