The Active Edge
Misperceptions about the nature of passive investments are common and a clear understanding of the indexes that ETFs follow is critical to making informed investment decisions. 




The views expressed are the views of Fred Alger & Company, Incorporated (“Alger”) as of November 2017. Alger has used sources of information which it believes to be reliable; however, this publication is not intended to be and does not constitute investment advice. These views are subject to change at any time and they do not guarantee the future performance of the markets, any security, or any funds managed by Alger.

This presentation is provided in Israel only to investors of the type listed in the first schedule of the Securities Law, 1968 (the "Securities Law") and the Regulation of Investment Advice, Investment Marketing and Investment Portfolio Management Law, 1995. The fund units will not be sold to investors who are not of the type listed in the first schedule of the Securities Law.

Funds authorized by the Swiss Financial Market Supervisory Authority FINMA for distributing their shares publicly in Switzerland: for interested parties, fund regulations or the articles of incorporation, the key investor information document (KIID) and the full prospectus, in their current versions, as well as the annual and semi-annual reports are provided free of charge at the representative in Switzerland. ACOLIN Fund Services AG, Affolternstrasse 56, CH-8050 Zurich. Paying agent in Switzerland is Neue Helvetische Bank AG, Seefeldstrasse 215, CH-8008 Zürich.

Risk Disclosures: Investing in the stock market involves gains and losses and may not be suitable for all investors. Growth stocks tend to be more volatile than other stocks as the prices of growth stocks tend to be higher in relation to their companies’ earnings and may be more sensitive to market, political and economic developments. Past performance is no guarantee of future results.  Please visit www.alger.com for additional risk disclosures.

Fred Alger & Company, Incorporated 360 Park Avenue South, New York, NY 10010 / www.alger.com





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DAN CHUNG, CFA
Chief Executive Officer
Chief Investment Officer
Portfolio Manager