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INVN is a rules-based ETF that provides investors with a systematic approach to investing in innovation by tracking the performance of the Alger Russell Innovation Index, which seeks to identify the most innovative companies where investment in innovation is potentially being undervalued by the stock market.
Portfolio Manager Amy Zhang, CFA, invests in a focused portfolio of approximately 40 mid cap growth equities that she believes are the “best ideas” in mid caps.
Portfolio Manager Patrick Kelly, CFA, believes that AI is a massive total addressable market, and he seeks to invest in companies actively involved in developing and implementing AI technologies.
Alger’s suite of ETFs provides investors with unique and differentiated opportunities to invest in innovation and growth.
Alger’s ETFs are available through most online brokerages and through select custodians. Click here to get started.
Work with your financial advisor to explore Alger's ETFs. Learn more here.
Give an Alger representative a call at 212.806.8800. You can also get in touch via our contact us form.
ETFs, or exchange-traded funds, are baskets of securities that trade on stock exchanges like individual stocks. They can hold a variety of underlying assets and may be designed to track a specific index or be actively managed.
ETFs trade throughout the day on stock exchanges, with prices fluctuating. In contrast, mutual funds are priced once daily, based on their Net Asset Value (NAV) at the end of the trading day. Mutual funds may have minimum investment thresholds for an investor to buy, while ETFs typically do not. ETFs may be considered more tax efficient than mutual funds, which can generate capital gains for shareholders when the fund manager sells securities, potentially creating a tax burden. ETFs may have lower expense ratios than some mutual funds.
There are many types of ETFs, including equity, fixed income, and specialty ETFs, as well as passive and actively managed options. Alger offers its own unique range of ETFs with a focus on growth equities.
An Active or Actively Managed ETF is managed by a portfolio manager and investment team who make investment decisions based on their individual investment philosophies. A Passive or Systematic ETF typically seeks to track an index and has a standardized investment methodology that does not change.
ETF holdings are typically listed on the fund’s website.
Have questions about Alger’s ETFs? Fill out the form below, and an Alger representative will be in touch to provide the information and support you need.