Alger Balanced Portfolio Class I-2 (ABLOX)
Alger Balanced Portfolio Class I-2 operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $25.12, up 0.52% on the session, giving a market capitalisation of $71.8M. Its beta of 0.85 implies it has historically moved less than the broad market.
The portfolio manager primarily targets equity investments in companies identified for their robust growth prospects. Alongside this, the fund allocates capital to fixed-income instruments, prioritizing those that not only produce income but also offer the potential for an increase in value. As a standard practice, at least one-quarter (25%) of the fund's net assets are dedicated to debt securities, and an equivalent minimum of 25% is allocated to equity holdings. Additionally, the fund maintains the option to invest up to 10% of its net assets in debt instruments with lower credit ratings, provided they receive a rating of 'B' (or an equivalent grade) or higher from any accredited rating agency.
Alger Balanced Portfolio Class I-2 is most often compared with the following Financial Services names: