Active ETF Boom Takes Fred Alger Management Past $1 Billion AUM As Investors Chase AI Exposure
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Fred Alger Management has surpassed $1 billion in assets under management (AUM) across its ETF suite, driven by demand for active strategies focusing on AI and mid-cap growth. The firm's flagship Alger 35 ETF holds a five-star rating from Morningstar, while the Alger AI Enablers & Adopters ETF has returned approximately 31% since its inception. The trend towards active ETFs is expected to grow, with Citigroup predicting a doubling of their share in total ETF assets over the next decade as investors seek targeted exposure and better downside protection.
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