|Bid||0.00 x 900|
|Ask||0.00 x 1000|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.00|
|Expense Ratio (net)||0.77%|
Robots haven't taken over the world, at least not yet, but one exchange traded fund powered by artificial intelligence is performing pretty well. The AI Powered Equity ETF (NYSE: AIEQ ) is higher by nearly ...
Among the myriad applications for artificial intelligence technologies are some uses in the world of financial services, including serving as the foundation for exchange traded funds. Qraft's new ETFs are the Qraft AI Enhanced U.S. Large-Cap ETF (NYSE: QRFT) and the Qraft AI Enhanced U.S. Large Cap Momentum ETF (NYSE: AMOM). QRFT is essentially a multi-factor fund with exposure to the quality, size, valuation, momentum and low risk factors.
Albert Einstein once said "the measure of intelligence is the ability to change," and this rings true in the exchange-traded fund (ETF) space where innovation is rife, but those who fail to adopt the latest and greatest technology could be left in the dust. EquBot ETFs understands this urgency and realizes that technology like artificial intelligence (AI)--once considered the technology of the future--is now the technology of today. This is inherent in their AI-powered ETFs, such as the AI Powered Equity ETF (AIEQ) .
Artificial intelligence has myriad applications and that includes some in the investment world. Some exchange traded funds are even backed by AI capabilities. “The underlying fund investments in AIEQ are based on the results of proprietary quantitative models developed by Equbot with IBM Watson artificial intelligence,” according to the issuer.
ETF Managers Group (ETFMG), along with our partners at EquBot, are happy to celebrate the 1-year anniversary of the AI Powered Equity ETF (NYSE Arca: AIEQ). AIEQ is the first and only actively managed ETF to fully utilize artificial intelligence as a method for stock selection. Since its inception on October 18, 2017, AIEQ is up 12.46% and has net assets worth $202 million.
It seems like AI is slowly making its way into all aspects of our lives, even our investments. Equbot's ETF uses both AI and IBM Watson to help find the best investment opportunities in the market. Art Amandor, COO and co-founder of EquBot joined The Final Round to discuss.