Alger Mid Cap 40 ETF·Financial Services
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.
Financial Services
Asset Management
2021-03-02
1.51

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 for companies that have already proven they can survive in a tighter monetary environment. Amy Y.

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 crowded mega-cap trade. Amy Y.