Alger AI Enablers & Adopters ETF (ALAI)
Alger AI Enablers & Adopters ETF operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $45.67, up 2.17% on the session, giving a market capitalisation of $140.1M. Its beta of 1.93 implies it has historically moved more than the broad market.
Under typical conditions, this fund allocates at least 80% of its capital—derived from its net assets and any borrowed funds used for investment—to stocks. These equity holdings are in companies, regardless of their market valuation, that are primarily engaged in the creation, adoption, and practical utilization of artificial intelligence (AI) technologies. The fund's management specifically identifies these companies for their perceived strong potential for future expansion. It is also important to note that this fund is categorized as non-diversified.
Alger AI Enablers & Adopters ETF is most often compared with the following Financial Services names: