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☆ Simplify Asset Management to roll out ETFs based on AI-driven stockpicking
▼ + stars: | 2023-10-12 | by ( Suzanne Mcgee | ) www.reuters.com time to read: +2 min

Oct 12 (Reuters) - Simplify Asset Management plans to roll out three new exchange-traded funds (ETFs) that rely on artificial intelligence rather than human beings to select portfolio holdings, adding to a nascent sub-sector that has so far delivered underwhelming results for investors. "A large portion of the investment community remains wary of putting their money into a product that depends on algorithms," Sohn said. The largest fund in this $673.5 million slice of the $7 trillion market for U.S. ETFs is the WisdomTree U.S. AI Enhanced Value Fund (AIVL.P), with net assets of $363.4 million. "I'm not sure the technology is there yet, or that it's speaking to investors,” said Bryan Armour, an ETF analyst at Morningstar. Read NextReporting by Suzanne McGee; Editing by Ira Iosebashvili and Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

Persons: Boosted.ai, Todd Sohn, Sohn, AIEQ, I'm, ”, Bryan Armour, Suzanne McGee, Ira Iosebashvili, Chris Reese Organizations: Management, SEC, Morningstar, Strategas Securities, AI, Equity ETF, Fund, Momentum, Thomson Locations: U.S

☆ Beating the benchmark? How AI-driven ETFs stack up
▼ + stars: | 2023-08-02 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +2 min

Rosenbluth explained that VettaFi is seeing increased interest in actively managed ETFs that are driven by AI. The QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM), for example, uses an artificial intelligence system to select large-cap stocks for its portfolio. "AMOM is significantly outperforming the iShares momentum ETF (MTUM) ," he said. The AI-driven AMOM rebalances at the end of every month and is up more than 21% this year, while the benchmark MTUM has remained relatively flat in 2023. "'[Momentum ETFs] should benefit from the information that's continually being updated in the marketplace," Rosenbluth said.

Persons: Todd Rosenbluth, CNBC's Bob Pisani, Rosenbluth Organizations: Momentum, Nvidia, Walmart, Home Depot, O'Reilly, Agriculture, Metals, AI, Equity, IBM Locations: U.S

☆ The co-leader of an AI-driven quant fund shares 2 stocks his model is betting the most on right now — and a simple way individual investors can use AI technology to pick stocks
▼ + stars: | 2023-06-22 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

An easy way to harness the power of AI quant models is to look at top holdings of ETFs, he said. But it's a tall task for individual investors — let alone institutions — to develop AI models for stock picking, Oh said. Oh said that the Qraft's momentum fund's top two holdings right now are Amazon (AMZN) and Meta (META). While it was the model that picked Amazon and Meta, Oh said they're solid fundamental plays. As for Meta, Oh said it's well-positioned for the AI boom as is one of the leaders in the space.

Persons: Francis Oh, —, ChatGPT, I'm, Google's Bard, Oh Organizations: Vanguard's Hong, Qraft Technologies, Apple, Nvidia, AI, Equity, BTD, Fund, Vertex Pharmaceuticals, Gamestop, Dow, Industrial, SolarEdge Technologies, Dow Inc, Enphase Energy, Meta Locations: Asia, Pacific, Vanguard's, Vanguard's Hong Kong

☆ 'We're still in early innings': The CIO of the first publicly traded AI-driven fund explains how investors can leverage digital technology for big gains — and shares 4 tech stocks to buy to capitalize
▼ + stars: | 2023-04-06 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +4 min

He also shared four stocks that stand to benefit from the rise in digital technology and AI. Investing in the AI spaceBesides utilizing AI technology to aid in his investing strategy, Natividad is also very optimistic about investing in the future of artificial intelligence. "We still think we're in the early innings of the AI investment space." "There are a host of ETFs that claim to use AI but AI is not all created equal. Whereas we are focused on an individual portfolio of stocks, others are more macro based," he explained.

☆ A.I.-guided strategies for the ETF investor. Here's what to know.
▼ + stars: | 2023-02-24 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +4 min

As investors weigh what the growing interest in artificial intelligence means for the marketplace, one analyst thinks that ETF investors should be cautious in utilizing it to aid in strategy selection. "ChatGPT knows a lot about a lot of things," Art Amador, EquBot Co-Founder, told Bob Pisani on CNBC's 'ETF Edge' on Wednesday. Amador runs the AI Powered Equity ETF (AIEQ) , an actively managed fund of U.S. stocks selected with a model that uses artificial intelligence. Studebaker's ROBO Global launched the ROBO Global Robotics and Automation ETF (ROBO) in 2013 as a fund that invests in innovative companies driving robotics, automation, and AI spaces. "You want to make sure you're investing with people that have done this before, that have deep expertise and deep knowledge in this space."

☆ The investment chief behind the AI-driven fund that uses IBM's Watson supercomputer explains how bots like ChatGPT will change markets
▼ + stars: | 2023-02-17 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

The AI Powered Equity ETF uses insights from IBM's Watson supercomputer, and has beaten the broader market in 2023. Chris Natividad, chief investment officer of Equbot, said the ETF has grown in popularity with the rise of ChatGPT. He helps run the AI Powered Equity ETF (AIEQ), which launched in 2017 in partnership with ETF Managers Group. It leverages data from IBM's Watson supercomputer to balance its portfolio, which has been quietly beating the market so far in 2023. "We're going to see different operators find more utility, different folks who have different investment ideas will be able to test and trade on these ideas using AI.

☆ These are the top 10 holdings of the AI-driven investment fund powered by Watson that has been crushing the market this year
▼ + stars: | 2023-02-07 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The AI Powered Equity ETF has doubled the performance of the S&P 500 so far in 2023. These are the top 10 holdings in the AI Powered Equity ETF that's driven by IBM's Watson. One ETF has been utilizing aspects of artificial intelligence to drive its investment decisions since its launch in 2017: the AI Powered Equity ETF. These are the top 10 holdings in the AI Powered Equity ETF that's driven by IBM's Watson supercomputer. Norwegian Cruise Line HoldingsTicker: NCLH% of ETF: 1.9%Industry: Cruise Ships6.

☆ A night with Wall Street's stars: Take a look at Insider's celebration of top investors, dealmakers, and traders
▼ + stars: | 2023-02-01 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +4 min

Hello 10 Things on Wall Street readers! As you might know, for the last few years Insider has been highlighting some of the most talented young people on Wall Street. Take a look at all the photos from Insider's celebration of Wall Street's rising stars here. A decade after the private-equity giant helped launch Athene Holdings, more private money managers are moving into insurance as they hunt for higher yields, the Wall Street Journal reports. Adam Berry, head of US loan trading is leaving Wall Street to join the Philadelphia Eagles, according to Bloomberg.

☆ Forget ChatGPT - an AI-driven investment fund powered by IBM's Watson supercomputer is quietly beating the market by nearly 100%
▼ + stars: | 2023-01-31 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

While the language bot ChatGPT has gone viral, a Watson-powered ETF is making nearly double the returns of the broader market. The AI Powered Equity ETF is up 10.4% in 2023, whereas the Vanguard Total Stock Market Index is up 5.67%. Issued by ETF Managers Group in partnership with the fintech firm Equbot, the fund leans on IBM's Watson supercomputer to balance its portfolio. That 114-holding portfolio is up 10.4% so far in 2023, while the Vanguard Total Stock Market ETF is up 5% over the same stretch. Chris Natividad, the chief investment officer of Equbot, said the Watson-powered fund can look beyond standard market data and cull information from tweets and earnings calls, according to ETF.com.

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