This undated photo provided by ETF Managers Group shows Sam Masucci, founder and CEO of ETF Managers Group. Masucci recently talked to the Associated Press about his firm’s investment funds and why an AI fund manager might prove to be better at generating investment returns than the human variety.
(ETF Managers Group via AP) Photo by
/Times Free Press. Investors willing to test that question can do so with a couple of exchange-traded funds, or ETFs, that leave the investment decisions to a computer’s so-called artificial intelligence, or AI.
ETF Managers Group and Ocean Capital Advisors launched an AI-powered fund last month dubbed the Rogers AI Global Macro ETF (BIKR) that invests primarily in single-country ETFs. The fund’s AI sifts through millions of data points from countries around the globe and uses what it learns to determine how best to allocate the fund’s holdings.
(Humans carry out the trades, however.) The fund, which is called the AI Powered Equity ETF (AEIQ), invests in a variety of U.S.-based companies and seeks to beat the returns of the S&P 500. So far, it’s getting it done.
The ETF is up 8.1 percent this year, while the S&P 500 has gained about 1.5 percent. Still, a track record of less than a year on a single fund isn’t nearly enough to gauge the merits of the AI approach. Read more from timesfreepress.com…
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