High-Conviction Alger Small Cap Focus Fund Achieves Notable Three-Year Record
12 March 2019
Alger Management, Ltd. (“Alger”), along with La Française, is pleased to announce the Alger SICAV—Alger Small Cap Focus Fund (the “Fund”) has celebrated its three-year anniversary. The Fund is a focused portfolio of approximately 50 high-conviction, small capitalization stocks managed by Amy Y. Zhang, CFA, who joined Alger in 2015. Overall, Alger has over $3.3 billion in Small Cap Focus strategy assets as of 2/28/19.
The exceptional track record Amy and the Alger team have built is especially notable and is garnering significant attention from all types of investors. In fact, the I-share class of the Fund had a cumulative net return of 109.3% since inception (as of 1/31/19), considerably outperforming the Russell 2000 Growth Index’s return of 54.3%.
“We have a unique approach to small cap investing in that we look for what we believe are exceptional small companies that have the potential to grow into successful large companies. These companies are typically those that have the potential to double their revenue stream in five years.” said Ms. Zhang. “We look for companies with defensible competitive positions, sustainable revenue growth, high financial quality, and strong management teams.”
Ms. Zhang also holds a “AAA” Citywire Fund Manager Rating for strong risk-adjusted performance (equity – U.S. small and medium companies category as of January 2019). The Citywire Fund Manager Ratings measure a portfolio manager’s performance over the past three years.
“Our investment team’s in-depth, fundamental research, which we have refined for over 50 years, enables our portfolio managers to construct ‘best ideas‘ focused portfolios with confidence,” said Dan Chung, CEO and CIO of Alger. “I’m gratified by the strong returns we have generated in this Fund for our shareholders, thereby helping them to achieve their financial goals.”
The I-share class of the Fund has had strong performance over the last three rolling 12-month periods: 20.63% (1/31/18 to 1/31/19), 32.65% (1/31/17 to 1/31/18), and 30.80% (1/29/16 to 1/31/17). The recommended investment period for the Fund is more than five years, and it should be noted that an investment in the Fund entails certain risks including the risk of capital loss, market fluctuations, and risk associated with investing in smaller, newer issuers.
La Française and Alger have been collaborating on fund distribution, market development, and product diversification since February 2015. Alger has partnered with La Française to distribute Alger SICAV sub-funds throughout continental Europe.
FUND / SHARE CLASS
Synthetic risk and reward indicator: on a scale from 1 to 7; 7 representing higher risk, typically higher rewards
Alger SICAV-Alger Small Cap Focus Fund – Class I US (registered in AT, BE (Private Placement), FI, DK, FR, DE, IT (Registered Institutional investors), ES, SE, UK, NL, LU, PT, SG (Registered institutional investors), CH)
6 (associated risks include: exchange rates, volatility, market fluctuations, political, social and economic risks, currency risk, risks associated with investing in smaller, newer issuers, capital risk loss)
Past performance does not guarantee future performance.
Alger SICAV Prospectus, 21 March 2018, VISA 2018/111991-1918-0-PC
Exchange rate EUR/US DOLL as at 3/7/19: 1.1205.
Pascale Cheynet – 0033 1 43 12 64 25 - firstname.lastname@example.org
Past awards and rankings are not indicative of future performance or awards/rankings.
The information and material provided herein do not in any case represent advice, offer, solicitation or recommendation to invest in specific investments. This press release is for Professional Clients in the EC only and is not for consumer use. Past performances do not guarantee future performances. Investment products referenced in this presentation are not directed at and suitable for all types of investors. Potential subscribers are requested to carefully and independently assess the legal and commercial documentation provided and notably the risks entailed and the fees. Investors are to make their own risk analysis and not rely solely on the information that has been provided to them. The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested. Where La Française has expressed opinions, they are based on current market conditions and are subject to change without notice. These opinions may differ from those of other investment professionals. Issued by La Française AM Finance Services, home office 128, boulevard Raspail, 75006 Paris, France, regulated by the “Autorité de Contrôle Prudentiel” as investment services provider under the number 18673 X, affiliate of La Française. La Française AM International has a signed agreement with Alger Management Ltd, whereby La Française AM International is authorized to distribute Fred Alger Management Inc. products in Europe.
In relation to the investment fund and share class mentioned in this document, the latest prospectus, the KIID and the annual and semi-annual reports have been published containing all the necessary information about the product, the costs and the risks which may be incurred. The latest versions of these documents are available at: www.lafrancaise-group.com, www.fundinfo.com, with our paying agents: BNP PARIBAS Securities Services, Via Ansperto no. 5 20123 Milan, Italy; Allfunds Bank, S.A. at 6 Estafeta Street - Complejo Plaza de la Fuente, Edificio 3, La Moraleja, Spain; BNP PARIBAS Securities Services S.A. - Branch Office Frankfurt am Main, Europa-Allee 12, 60327 Frankfurt am Main or with our local legal representatives: Skandinaviska Enskilda Banken AB, Bernstorffsgade 50, 1577 Copenhagen, Denmark; Duff & Phelps Ltd, 14th Floor, The Shard, 32 London Bridge Street, London SE1 9SGc, UK.
Internet information for the regulatory authorities Autorité de Contrôle Prudentiel et de Résolution www.acp.banque-france.fr, Commission de Surveillance du Secteur Financier www.cssf.lu .
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