This article was originally published on ETFTrends.com.
Legendary investor, businessman and author Jim Rogers launched an artificial intelligence-focused ETF on Thursday, the Rogers AI Global Macro ETF (NYSEArca: BIKR) . BIKR derives itself from an index that tracks a model developed by Rogers and his team at Ocean Capital Advisors that utilizes machine learning to pore over world economic data.
"The internet and artificial intelligence are changing and have changed everything we know including finance and investing; Ocean's new ETF is part of the same trend," said Rogers in a statement. "I hope we get it right. We will all be extremely pleased someday if we do."
The ETF will focus primarily on U.S.-listed single-country ETFs and will rebalance monthly based on the analysis performed by the machine learning technology.
Rogers was a co-founder of the Quantum Fund with George Soros in 1973, which outperformed the S&P 500 by over 4,000 percent. Rogers also launched the Rogers International Commodity Index in 1998, which represents the value of a basket of commodities consumed in the global economy, ranging from agricultural to energy and metals products.
In addition to his investing prowess, Rogers is also renowned for his travel adventures and their inclusion in the Guinness Book of World Records. Between 1990 to 1992, Rogers traveled through China and other parts of the world via motorcycle, logging in over 100,000 miles across six continents. From January 1, 1999 and January 5, 2002, Rogers journeyed through 116 countries in a modified Mercedes with off-road capabilities.
Rogers, now age 75, does not appear to be slowing down.
"We think it will hit a particular segment of the market that has followed Jim and is interested in following him in an ETF," said Sam Masucci, founder and CEO of ETF Managers Group, Ocean's partner in launching the fund.
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