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@billr et al: Alger makes it tough to get into its mutual funds, especially the small and mid cap focus strategies managed by Amy Zhang. She helped make BCSIX a success before decamping for Alger in 2015. Just this year Alger opened an opaque (my editorial comment) MCG ETF managed by Ms Zhang. FRTY does not have much of a track record yet but it appears to have shot up out of the gate and then returned to earth like AOFAX. This month Alger announced a large cap ETF that will have 35 positions, but not a Zhang product. From what I garner on the website, the list of holdings is not revealed daily. Detailed holdings are provided as of 4/30/21, so one eventually gets to look under the hood. Active management by a proven growth manager in an easily traded format. Alger warns that the market price may not accurately reflect the value of the assets held on a given day. @fundfun: FRTY reports a P/E of around 38.
Comments
PRDSX 3 mo -6.95%
1 mo. -4.46
1 week. -3.77
YTD +1.53
PRDSX: 111%
BCSIX: 140%
DVSMX: 190%
AOFAX: 190%
Relax.......