Alger AI Enablers & Adopters ETF
ALAI
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 Pearl Street New York NY United States of America 10004
- IPO Date
- Apr 8, 2024
- Website
- alger.com
- Similar Companies
- Business
- Alger AI Enablers & Adopters ETF (ALAI) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing primarily in equity securities of companies positioned to benefit from the development and utilization of artificial intelligence technologies. The fund focuses on two key segments: AI Enablers, which include companies developing foundational AI infrastructure such as semiconductors, cloud computing, data centers, and networking equipment; and AI Adopters, comprising enterprises across diverse sectors like healthcare, finance, consumer goods, and industrials that integrate AI to enhance operations, products, or services. It employs a bottom-up investment approach, selecting 40-60 holdings based on proprietary research into AI revenue exposure, competitive positioning, and growth potential, with allocations typically 50-70% to Enablers and the balance to Adopters. The ETF offers investors targeted exposure to the AI thematic through a concentrated portfolio that emphasizes companies with scalable AI-driven business models; notable holdings may include leaders in AI chips, software platforms, and enterprise AI applications, subject to ongoing portfolio management. Geographically, ALAI invests globally, with a primary focus on U.S.-listed companies but including international firms traded on major exchanges, targeting institutional and retail investors seeking thematic growth opportunities. Launched in 2024, the fund is issued and managed by Alger Management, LLC, a New York-based investment adviser with over 50 years of experience in growth equity strategies, and is headquartered in New York City. In recent developments, as of late 2025, Alger Management has expanded its AI-focused offerings amid surging investor interest in the sector, including enhanced marketing efforts for ALAI following strong performance driven by AI infrastructure demand; the fund reported assets under management exceeding $100 million within its first year, reflecting robust inflows. No major acquisitions, partnerships, or structural changes have been announced for ALAI specifically in the past 1-2 years, though Alger continues to refine its quantitative AI scoring models for stock selection and has integrated advanced data analytics to adapt to evolving market dynamics in semiconductors and generative AI adoption.