Alger Mid Cap 40 ETF (FRTY) — ()

Key Metrics

News

Fed Rate Cuts Create Opening for Mid-Cap Stocks

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Sentiment: Positive ()

The Federal Reserve's (Fed) pivot from aggressive rate hikes to rate cuts is creating what one portfolio manager calls a “headwind to tailwind” shift for mid-cap stocks, potentially unlocking gains …

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Mid-Cap Stocks Trading at Historic Discount to Large Caps

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Sentiment: Positive ()

Mid-cap stocks are trading at an unusually wide discount to their larger counterparts, creating what one portfolio manager describes as a “truck-wide” opportunity for investors willing to look beyond the …

image for news Mid-Cap Stocks Trading at Historic Discount to Large Caps

FRTY: Growth-Focused ETF With Ambitious Premise But Questionable Returns

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Sentiment: Negative ()

I am initiating coverage of the Alger Mid Cap 40 ETF with a Hold rating. Benchmarked against the Russell MidCap Growth Index, FRTY is growth-oriented, with just 40 stocks in …

image for news FRTY: Growth-Focused ETF With Ambitious Premise But Questionable Returns

FRTY: A Focused Mid Cap Growth ETF Throwing Caution To The Wind

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Sentiment: Negative ()

FRTY is a focused mid-cap growth ETF comprised of 40 U.S. stocks undergoing "Positive Dynamic Change". Its ER is 0.60% after waivers and the ETF has $85 million in AUM. …

image for news FRTY: A Focused Mid Cap Growth ETF Throwing Caution To The Wind

About Alger Mid Cap 40 ETF FRTY

Under normal circumstances, the fund invests at least 80% of its net assets in equity securities of mid-cap companies. Equity securities include common or preferred stocks that are listed on U.S. exchanges. It may invest a significant portion of its assets in the securities of companies conducting business in the information technology and healthcare sectors. The fund is non-diversified.