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In 2024 , the tech-filled Nasdaq is leading the performance derby, rising 30.4% . The Dow Jones Industrial Average is up 13.7% , and the small-cap Russell 2000 is lagging with a gain of 10.6% Mutual Fund investors have been rewarded, with the average U.S. diversified equity fund posting a 23.5% gain through the end of November .
AI will infiltrate the U.S. economy in many ways, creating AI investment opportunities in different types of companies.
"We want to avoid many of the traditional business models that are coming under pressure from AI ," says Alger Focus Equity's Patrick Kelly .
IPPs, such as Constellation Energy , Vistra and Talen Energy benefit from AI-driven energy demand.
Small-cap indexes like the Russell 2000 have smaller tech exposure and are more broadly represented by sectors like financials, industrials and consumer discretionary.
Kelley 's funds use a quantitative approach to identify small stocks with low price-to-sales ratios that have positive price momentum over the past three and six months periods.
VR Score
92
Informative language
92
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61
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English
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