Fred Alger Management has expanded its investment lineup by launching the Alger International Growth Fund (AIGIX) and the Alger Global Growth Fund (CHUSX).
The International Growth fund bets on non-U.S. developed markets, with the flexibility to invest in emerging markets. Pedro Marcal, the portfolio manager of the fund, also manages the Alger International Growth Strategy. The Global Growth fund bets on international developed markets, emerging markets, and U.S. markets. The fund, which previously maintained a China-U.S. focus, continues to be managed by Dan Chung, chief executive officer and chief investment officer, and Deborah Vélez Medenica, head of the Alger Emerging Markets Team.
“We believe the opportunities for investing globally are significant and are of particular interest to us as pioneers of growth investing,” stated Chung.
Fred Alger was founded in 1964 and as of March 31 managed approximately $18.6 billion.