Alternative Investments/ESG: Alger Debuts ESG-Focused Growth Equity ETF

https://dailyalts.com/wp-content/uploads/2023/03/money-g23e121359_640.jpg

The non-transparent, actively managed ETF from Alger will invest in 30 or less growth stocks.

Fred Alger Management, LLC has launched the Alger Weatherbie Enduring Growth ETF (NYSEARCA: AWEG), a vehicle suited for investors looking for quality growth stocks that also score well on ESG parameters. The new ETF is a non-transparent, actively managed ETF that will run with a portfolio of 30 or fewer growth stocks. (Alger)

The  ETF invests in quality companies with innovative business models, strong sales, rapid earnings growth, and an ESG scoring methodology. It is the first ETF from Alger with an ESG focus.

The ETF is managed by Alger and uses ActiveShares® from Precidian Investments, allowing for actively managed investment strategies in an ETF without daily disclosure of holdings. The ETF will be listed on the NYSE Arca.

“We believe the addition of the ESG scoring methodology into our fundamental bottom-up research process is an important and valuable tool for both stock selection and portfolio construction,” said portfolio manager George Dai, Ph.D.

“We continue to field requests from investors that are interested in portfolios that integrate ESG considerations with quality and long-term growth potential,” said Josh Bennett, CFA. “Our team-based approach enables us to create a high-conviction portfolio of what we believe are our best ideas that address both of these important factors.”

The investment team at Weatherbie Capital has received the CFA Institute Certificate in ESG investing.

Related Story:  Calamos Launches ETF For Global Sustainable Stocks

Image by Nattanan Kanchanaprat from Pixabay

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2023/12/356901633_276429318297362_3881044731480445473_n.jpg
FinTech: Pluto Inks Collaboration With Mastercard For B2B Payments In The UAE
December 1, 2023     FinTech, News

Pluto, a prominent provider of financial corporate spend management solutions in the UAE, has forged a strategic alliance with Mastercard (NYSE: MA), the global technology giant in the payments sector….

https://dailyalts.com/wp-content/uploads/2023/12/hero-banner-alt-3155f1b6f6971fe4f41937640076d717.jpg
Alternative Investments/Real Estate: Alternative Investing Platform Yieldstreet Acquires Real-Estate Focused Cadre
December 1, 2023     Alternative Investments, News, Real Estate

Yieldstreet, a prominent private market investment platform, has officially announced its acquisition of Cadre, an online real estate-focused investment platform catering to institutional and high net worth investors. This strategic…

https://dailyalts.com/wp-content/uploads/2023/12/ursa-major-screengrab.jpg
Venture Capital: Rocket Propulsion Startup Ursa Major Lands $138M
December 1, 2023     News, Venture Capital

Ursa Major Technologies recently closed its Series D and D-1 funding rounds, securing a substantial $138 million investment led by Explorer 1 Fund and Eclipse, with participation from RTX Ventures,…

https://dailyalts.com/wp-content/uploads/2023/12/face-4776910_640.jpg
Artificial Intelligence: Saudi Venture Fund Forced To Sell Shares In Altman-Backed Chip Startup Rain AI
December 1, 2023     Artificial Intelligence, Latest News, News

The Biden administration has compelled Saudi Aramco (TADAWUL: 2222)-backed venture capital firm, Prosperity7, to divest its shares from Rain Neuromorphics, a Silicon Valley AI chip startup supported by Sam Altman,…