The new S&L ETPs provide 3x daily leveraged and 3x short/inverse exposure to the WisdomTree US Bluechip Select Index (NTR) and PHLX Semiconductor Sector Net Total Return Index.

“The launch of these short and leveraged ETPs on the Magnificent 7 and semiconductor sector provides investors with tactical ways to express high-conviction views on areas that continue to play an outsized role in market dynamics,” Pierre Debru, head of research, Europe, WisdomTree, said. “These exposures reflect key themes from the concentration of equity returns to the expanding role of AI in global growth. In the current environment, the ability to adjust exposure with flexibility, whether to participate in ongoing trends or navigate potential short-term reversals, can be a useful addition to an investor’s toolkit.” 

S&L ETPs amplify both the positive and negative returns of an investment, the firm continued. S&L ETPs have a recommended holding period of one day and are designed for tactical and short-term trading. It is essential for investors to understand the product attributes and all the associated risks before investing in S&L ETPs.

Alger Management
New York-headquartered , a privately held, women-owned, and minority-led growth equity manager, yesterday launched the Alger SICAV – Alger Global Equity Fund. The launch, which demonstrates Alger’s commitment to the UK and European markets, will enable wealth managers and other intermediaries as well as institutional clients to access these strategies in their clients’ portfolios more easily.

The Alger Global Equity Fund, which will be sub-advised by Redwood Investments, a subsidiary of Alger, primarily invests in a focused portfolio of generally less than 50 holdings of companies all over the world. The portfolio management team includes Redwood’s Mike Mufson, co-founder and CIO, Alexi Makkas, portfolio manager, and Ezra Samet, portfolio manager.

The Alger Global Equity Fund is an Article 8 fund under the EU’s Sustainable Finance Disclosure Regulation (SFDR). The Alger SICAV – Alger Emerging Markets Fund, which was launched in 2006 and is now sub-advised by Redwood Investments, is also an Article 8 fund, the firm said in a statement. 

To support the funds’ transition to being Article 8, Alger partnered with Impact Cubed, a specialist in objective sustainability data and investment solutions, to identify and integrate measurable operational and governance characteristics into fund-level disclosures.

“Alger’s dedication to having two Article 8 funds reinforces what we’ve always believed at Impact Cubed: sustainability and performance are not at odds,” Dr Arleta Majoch, chief operating officer (COO) and co-founder of Impact Cubed, said. “With robust data and thoughtful ESG integration, managers can absolutely meet regulatory expectations while staying true to their investment process.”