The Alger Concentrated Equity ETF (CNEQ) and the Mango Growth ETF (GARY) offer different U.S. growth exposures despite both being tech-heavy and actively managed. GARY focuses heavily on semiconductor and AI infrastructure stocks, capturing the AI capex cycle, with a 33.3% allocation to chips and equipment, and has gained 19.8% year-to-date but dropped 10.6% in the past month. CNEQ follows Alger’s broader large-cap growth strategy with about 30 names, up 4.6% year-to-date and down 10.4% recently. GARY suits investors seeking direct AI infrastructure exposure, while CNEQ is better for those wanting a diversified institutional growth approach. The choice depends on risk tolerance and belief in AI capex growth.
The FTSE 100 reached a new intraday high above 10,945, driven by strong earnings from companies like Standard Chartered, Reckitt Benckiser, and Rio Tinto, which also announced increased dividends and share buybacks. Rising oil prices, fueled by renew...
The Silvant Large Cap Growth SMA achieved a quarterly return of 14.61% (gross) and 13.79% (net), underperforming the Russell 1000 Growth Index, which returned 16.74%. Key contributors to the fund's relative performance included ARM Holdings and Appli...
