ALAI
Alger AI Enablers & Adopters ETF
📎 Investment Objective
The Alger AI Enablers & Adopters ETF seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the Alger AI Enablers & Adopters Index.
Overview
ETF tracking Alger AI Enablers & Adopters ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Alger AI Enablers & Adopters ETF seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the Alger AI Enablers & Adopters Index.
🎯 Investment Strategy
The ETF invests in companies that are involved in the development or adoption of artificial intelligence (AI) technologies. This includes companies that provide AI-enabling software, hardware, and services, as well as companies that utilize AI to improve their operations and products.
✨ Key Features
- Focuses on companies at the forefront of AI innovation and implementation
- Provides exposure to a diversified portfolio of AI-related stocks
- Passively managed to track the Alger AI Enablers & Adopters Index
- Low expense ratio of 0.00%
⚠️ Primary Risks
- Concentration risk as the fund is focused on a specific industry (AI)
- Volatility risk as AI-related stocks may experience significant price swings
- Liquidity risk due to the relatively small size of the fund
- Tracking error risk as the fund may not perfectly replicate the index performance
👤 Best For
The Alger AI Enablers & Adopters ETF may be suitable for investors with a long-term investment horizon who are seeking exposure to the growing artificial intelligence industry and are willing to accept the higher volatility and risks associated with a thematic, sector-focused fund.