Alger Focus Equity Fund Class I (ALGRX)
Alger Focus Equity Fund Class I operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $122.13, up 0.11% on the session, giving a market capitalisation of $617.9M. Its beta of 1.51 implies it has historically moved more than the broad market.
The primary objective of this fund is to achieve substantial growth in capital over the long term. To accomplish this, the fund's advisor typically allocates a significant portion of its assets to a concentrated number of individual companies. Furthermore, the portfolio may specialize its investments within a limited selection of business sectors or industries. While the portfolio generally comprises around 50 individual holdings, this figure is not rigid and can be surpassed periodically due to various strategic considerations. The fund managers also maintain the flexibility to frequently adjust the portfolio's security positions through active trading.
Alger Focus Equity Fund Class I is most often compared with the following Financial Services names: