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Artificial Intelligence, Watson Go International With New ETF

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EquBot, the company behind the AI Powered Equity ETF AIEQ, 0.04% that runs on the Watson platform, is taking its artificial intelligence capabilities international with a new exchange traded fund. The AI Powered International Equity ETF AIIQ, -0.16% debuted Wednesday. AIIQ is actively managed and holds ex-U.S. developed markets stocks. EquBot launched the AI Powered Equity ETF in October. The product has gotten off to impressive start, as highlighted by its $137.63 million in assets under management.



The stock market's robot revolution is here

#artificialintelligence

The long-awaited rise of the machines is here, at least in the stock market. A new artificial intelligence-powered exchange-traded fund launched on October 18. Called the AI Powered Equity ETF (ticker: AIEQ), it uses IBM's Watson supercomputing technology to analyze more data than humanly possible, all in the pursuit of building the perfect portfolio of 30 to 70 stocks. The ETF ranks investments based on their "probability of benefiting from current economic conditions, trends, and world- and company-specific events" and picks those with the best chance at outperformance, according to a recent release. And the technology enables it to do that while constantly analyzing information for 6,000 US-listed companies. The top three positions as of Friday were CIT Group, Penumbra and Genworth Financial.


Artificial Intelligence, Watson Go International With New ETF (NYSE:AIEQ)

#artificialintelligence

EquBot, the company behind the AI Powered Equity ETF (NYSE: AIEQ) that runs on the Watson platform, is taking its artificial intelligence capabilities international with a new exchange traded fund. The AI Powered International Equity ETF (NYSE: AIIQ) debuted Wednesday. AIIQ is actively managed and holds ex-U.S. developed markets stocks. EquBot launched the AI Powered Equity ETF in October. The product has gotten off to impressive start, as highlighted by its $137.63 million in assets under management.


The First Ever Fund Managed by a Robot Is Here. So Far It's Beating the Market

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As if professional mutual fund managers didn't have it hard enough. Not only do they have to contend with the growing popularity of low-cost index funds, which simply buy and hold the entire market, but now here comes another threat: robot stock pickers. The San Francisco firm EquBot has launched the first retail ETF to be managed using IBM's Watson supercomputing artificial intelligence technology. The use of computers to buy stocks isn't new. So-called "quant funds" (short for quantitative analysis) have been around for years, relying on computer algorithms to identify short-term trading patterns and opportunities in the market.