Alger Mid Cap Focus Fund’s Q3 2023 Investor Letter

Fred Alger Management, an investment management company, released its “Alger Mid Cap Focus Fund” third quarter 2023 investor letter. A copy of the same can be downloaded here. In the third quarter, U.S equities fell after three positive consecutive quarters. The fund underperformed the Russell Midcap Growth Index in the quarter. Industrials and Consumer Staples were the leading contributors to the relative performance while, information technology and healthcare detracted. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.