Alger Russell Innovation Index Updates for First Quarter 2025
NEW YORK, March 17, 2025 /PRNewswire/ -- Fred Alger Management, LLC ("Alger"), a privately held growth equity investment manager, today announced the quarterly rebalancing of the Alger Russell Innovation Index ("Index"). Following the close of trading on Friday, March 21, 2025, the Index will be rebalanced, and the following changes will be effective.
Action | Company Name | Ticker Symbol |
Addition | Bio-Rad Labs A | BIO |
Addition | FMC Corp | FMC |
Addition | Juniper Networks | JNPR |
Addition | PayPal Holdings | PYPL |
Deletion | Hewlett Packard Enterprise Company | HPE |
Deletion | Nutanix, Inc. | NTNX |
Deletion | Roblox Corporation | RBLX |
Deletion | Solventum Corporation | SOLV |
For additional information, please visit www.lseg.com.
Unlock Your Growth Potential with Alger
Founded in 1964, Alger is recognized as a pioneer of growth-style investment management. Privately-owned and headquartered in New York City, Alger can help "Unlock Your Growth Potential" through a suite of growth equity separate accounts, mutual funds, ETFs, and privately offered investment vehicles. Alger's investment philosophy, discovering companies undergoing Positive Dynamic Change, has been in place for 60 years. For more information, please visit www.alger.com.
Risk Disclosures: Investing in the stock market involves risks, including the potential loss of principal. Growth stocks may be more volatile than other stocks as their prices tend to be higher in relation to their companies' earnings and may be more sensitive to market, political, and economic developments. Local, regional or global events such as environmental or natural disasters, war, terrorism, pandemics, outbreaks of infectious diseases and similar public health threats, recessions, or other events could have a significant impact on investments.
This material is not meant to provide investment advice and should not be considered a recommendation to purchase or sell securities.
Alger pays compensation to third party marketers to sell various strategies to prospective investors.
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CONTACTS:
Prosek | Alger |
Sheila Cooney 203-745-2523 | Scott A. Anderson 212-806-2972 |
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SOURCE Alger