ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Active ETF
    • Alternatives
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Disruptive Technology
    • Dividend
    • Dual Impact
    • Emerging Markets
    • Energy Infrastructure
    • ESG
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Fixed Income
    • Free Cash Flow
    • Future ETFs
    • Global Diversification
    • Gold & Silver Investing
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Market Insights
    • Megatrends
    • Modern Alpha
    • Multi-Asset
    • Night Effect
    • Portfolio Strategies
    • Retirement Income
    • Richard Bernstein Advisors
    • Tax Efficient Income
    • Thematic Investing
    • Volatility Resource
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
    • ETF Data for Journalists
    • ETF Nerds
  • Research
    • First Bitcoin ETF
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF Trends on Videos
    • ETF Trends on Podcasts
    • ETF Prime Podcast
  • Company
    • About Us
    • Swag Store
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Alger Launches Actively-Managed Mid-Cap ETF, FRTY
News
Share

Alger Launches Actively-Managed Mid-Cap ETF, FRTY

Aaron NeuwirthMar 01, 2021
2021-03-01

On Monday, Fred Alger Management, LLC (“Alger”), a leading growth equity investment manager, announced its release of the actively managed fund, the Alger Mid Cap 40 ETF (FRTY), marking the firm’s entry into the ETF space. This vehicle will be focused, high conviction strategies.

“We have seen increased demand for our focused strategies since we launched our first one in 2012. Having these strategies available as actively managed ETFs enables investors who prefer an ETF vehicle to access our investment capabilities,” said Dan Chung, CEO and Chief Investment Officer of Alger. “Alger has a proud, 56-year record of investing in change and innovation, and we believe the innovation of actively managed ETFs is something that will help to continue to propel our growth.”

FRTY will be managed by Amy Y. Zhang, CFA, Executive Vice President and portfolio manager. The ETF will seek to invest in 40 high-conviction mid-cap growth equities. Amy has been with the firm since 2015 and manages several of Alger’s small and mid-cap strategies, including the Alger Small Cap Focus Fund, a five-star Morningstar rated fund.

Alger has licensed ActiveShares from Precidian Investments, LLC, enabling the firm to deliver actively managed investment strategies in an ETF vehicle without disclosing holdings daily. The ETF will be listed on the NYSE Arca, Inc., which currently lists nearly 80% of all U.S. ETF assets under management.

“As active growth equity managers, the ability to shield the strategies’ underlying holdings enables our investment team to construct these high-conviction portfolios with confidence. Our in-depth, fundamental research process, which we have refined for more than 55 years, is critical to our quest to generate strong, long-term returns on behalf of our clients,” added Dan.

Brown Brothers Harriman & Co. will be the custodian, administrator, and transfer agent of the fund. Alger and BBH have worked closely together for more than a decade.

“After more than ten years partnering with Alger, we are excited to now partner on its first actively managed ETF launch, which will continue to bring fresh investment solutions to the collective market,” said Ryan Sullivan, Senior Vice President and head of U.S. ETF Services at BBH.

For more information, please visit www.alger.com.

This article originally appeared on ETFTrends.com.


Content continues below advertisement

» Popular Pages

  • Tickers
  • Articles

Jan 31

Bonds Facing a Better Year: Capture With BNDI

Jan 31

Top Performing Leveraged/Inverse ETFs: 01/29/2023

Jan 31

Canada ETF FLCA Poised to Profit From Geopolitics

Jan 31

Goldman Sach's Alexandra Lawson on Fixed Income ETFs

Jan 31

Invesco Redefines Product Lineup, Planning ETF Closures

Jan 31

How Many ETF Nerds Can Fit on Exchange's Stage?

Jan 31

Amid Potential Headwinds, Gold Prices See Gains

Jan 31

Bitcoin's Resurgence May Be Durable

Jan 31

For This ESG Bond ETF, Climate May Be Warming

Jan 31

Patience Makes a Difference With ESG Investing

QQQ

Invesco QQQ Trust

SPY

SPDR S&P 500 ETF Trust

VOO

Vanguard S&P 500 ETF

VGT

Vanguard Information...

SMH

VanEck Semiconductor ETF

XLK

Technology Select Sector SPDR...

VTI

Vanguard Total Stock Market...

SOXX

iShares Semiconductor ETF

BLOK

Amplify Transformational Data...

META

Roundhill Ball Metaverse ETF


Content continues below advertisement

Loading Articles...
Help & Info
  • Contact Us
Tools
  • ETF Screener
  • ETF Analyzer
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Performance Visualizer
  • ETF Database Model Portfolios
  • ETF Database Realtime Ratings
  • ETF Database Pro
More Tools
  • ETF Launch Center
  • Financial Advisor & RIA Center
  • ETF Database RSS Feed
Explore ETFs
  • ETF News
  • ETF Picks of the Month
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Best ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Legal
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.
Follow ETF Database
Follow ETF Database

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X