We recently launched two new high-conviction portfolios, one of which is Alger AI Enablers & Adopters ETF (ALAI). Learn more below!
- About ALAI: This focused portfolio includes companies developing and implementing AI (artificial intelligence) technologies. Portfolio Manager
Patrick Kelly
says, “We believe AI is a massive total addressable market that extends across industries, companies, and regions marking the early stages of a computing revolution.”
- Enablers Versus Adopters: It’s in the name, but what exactly are enablers and adopters? Companies that develop the building block components for and invest in AI infrastructure (e.g., hardware, services) are considered “enablers.” On the other hand, “adopters” are companies that we view as the ones integrating AI into their business to enhance their products, services or operations.
- ?Meet the Portfolio Manager: ALAI is managed by Patrick Kelly, who will be celebrating his 25th anniversary at Alger later this year! Introduced to the stock market in his sophomore year by his older brother, Pat was one of the founding members of the Georgetown University Student Investment Fund. Read his Profiles in Success interview here. He and
Ankur Crawford
rd shared their insights in AI and the Declining Cost to Create, where they explore the disruptive innovation of AI.
Before investing, carefully consider a Fund’s investment objective, risks, charges, and expenses. For a prospectus and summary prospectus containing this and other information or for a Fund’s most recent month-end performance data, visit www.alger.com, call (800) 223-3810, or consult your financial advisor. Read the prospectus and summary prospectus carefully before investing. Distributor: Fred Alger & Company, LLC. All underlying series of The Alger ETF Trust listed on NYSE Arca, Inc. NOT FDIC INSURED. NOT BANK GUARANTEED. MAY LOSE VALUE.
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