CNEQ
Alger Concentrated Equity ETF
📎 Investment Objective
The Alger Concentrated Equity ETF (CNEQ) seeks to provide long-term capital appreciation by investing in a concentrated portfolio of equity securities that the fund's investment manager believes have strong growth potential.
Overview
ETF tracking Alger Concentrated Equity ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Alger Concentrated Equity ETF (CNEQ) seeks to provide long-term capital appreciation by investing in a concentrated portfolio of equity securities that the fund's investment manager believes have strong growth potential.
🎯 Investment Strategy
The fund invests primarily in equity securities of companies that the investment manager believes demonstrate promising growth potential. The portfolio is concentrated, typically holding 30-50 securities, to allow the manager to take high-conviction positions in their top ideas.
✨ Key Features
- Concentrated portfolio of 30-50 equity securities
- Focus on companies with strong growth potential identified by the investment manager
- Actively managed strategy seeking to outperform the broader market
- Low expense ratio of 0.00%
⚠️ Primary Risks
- Concentration risk as the fund holds a limited number of securities
- Potential for higher volatility compared to a more diversified fund
- Reliance on the investment manager's ability to identify promising growth companies
- No performance history available to evaluate the fund's long-term track record
👤 Best For
This ETF may be suitable for investors seeking exposure to a concentrated portfolio of growth-oriented equities as part of a diversified investment strategy. It may be most appropriate for investors with a higher risk tolerance and a longer-term investment horizon who are comfortable with the fund's concentrated nature and lack of performance history.