​The European Recovery Fund: Can It Change the Game?

July 21, 2020 will be remembered as an important inflection point in European history. It signifies the date that European leaders reached an agreement on the European Recovery Fund as a mechanism to respond to the Covid-19 crisis. We believe this coordinated common fiscal response to the pandemic is a potential game ​changer for the region and an important milestone for the European bloc.
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The views expressed are the views of Fred Alger Management, LLC (“FAM”) and its affiliates as of August 2020. These views are subject to change at any time and may not represent the views of all portfolio management teams. These views should not be interpreted as a guarantee of the future performance of the markets, any security or any funds managed by FAM. These views are not meant to provide investment advice and should not be considered a recommendation to purchase or sell securities.

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​​Pragna Shere's Photo​​ ​

PRAGNA SHERE, CFA​
Senior Vice President
Portfolio Manager​​


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