The following positions represented the noted percentages of Alger’s assets under management as of November 30, 2018: Meituan, no holdings; WeChat, no holdings; Alibaba, 0.96%; Alipay (owned by Ant Financial), no holdings.
The views expressed are the views of Fred Alger Management, Inc. as of January 2019. 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 Fred Alger Management, Inc. These views are not meant to provide investment advice and should not be considered a recommendation to purchase or sell securities.
This material must be accompanied by the most recent fund fact sheet(s) if used in connection with the sale of mutual fund shares.
Risk Disclosure: Investing in the stock market involves gains and losses and may not be suitable for all investors. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Many technology companies have limited operating histories and prices of these companies’ securities have historically been more volatile than other securities, especially over the short term. Technology companies may also face increased competition, government regulation, and risk of obsolescence due to progress in technological developments.
Fred Alger & Company, Incorporated 360 Park Avenue South, New York, NY 10010 / www.alger.com
800.305.8547 (Retail) / 212.806.8869 (Institutional)
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