EToro taps machine learning to offer 'algo-funds'

CopyFunds work by bundling together financial assets of any kind, under one chosen strategy or theme, and are created and traded on eToro . CopyFunds will be divided into Top Trader CopyFunds; comprising the best performing and most sustainable traders on the network and Market CopyFunds made up of specially-selected instruments such as stocks, commodities or ETFs allowing investors to track a wide array of sectors around a defined market strategy. Top Trader CopyFunds is built using machine learning technology that selects the best performing traders on the eToro network. CopyFunds enable investors to invest in a bundled group of high-performing traders as well as predefined market strategies. CopyFunds aim to help investors minimise long-term risk and promote opportunities for growth by creating a diversified investments.