About AFGZX
Alger Global Equity Fund Class Z is a mutual fund designed to seek long-term capital appreciation by investing globally in equity securities. The fund typically allocates at least 80% of its net assets to stocks of companies from both developed and emerging markets, employing a large-cap growth investment style. Its portfolio is diversified across sectors such as technology, consumer cyclical, healthcare, financials, and basic materials, with notable holdings like NVIDIA, Amazon.com, Alphabet, and Walmart. The fund is structured as an institutional share class, often requiring a higher minimum initial investment, reflecting its focus on professional or larger-scale investors. With an active management approach and a high turnover rate, Alger Global Equity Fund Class Z aims to capitalize on opportunities in dynamic equity markets worldwide, playing a significant role in global asset allocation and portfolio diversification strategies for institutions and sophisticated investors.
Fund Family Alger
Category World Large-Stock Growth
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol AFGZX
Share Class Class Z
Index MSCI AC World TR USD
AFGZX had a total return of 8.11% in the past year, including dividends.
Since the fund's inception, the average annual return has been 9.10%.
