Alger Mid Cap Growth Fund’s Q1 2024 Investor Letter

Fred Alger Management, an investment management company, released its “Alger Mid Cap Growth Fund” first quarter 2024 investor letter. U.S. equities experienced a robust rally in Q1, with the S&P Index finishing up 10.56%. The fund underperformed the Russell Midcap Growth Index in the quarter. Industrials and healthcare sectors were the leading contributors while financials and utilities detracted. In addition, you can check the top 5 holdings of the fund to know its best picks in 2024.

A copy of Alger Mid Cap Growth Fund’s Q1 2024 investor letter can be downloaded here.