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'WIZ' ETF Puts AI in Charge to Fight the Bull-Bear Market

Feb.26 -- Bloomberg's Eric Balchunas and Scarlet Fu break down the Merlyn.AI Bull-Rider Bear-Fighter ETF (ticker: WIZ) with David Epstein, co-founder and CEO of Merlyn.AI. The fund employs a passive management approach that tracks an index which uses AI "genetic algorithms" to select one ETF from each of eight thematic momentum strategies. Its 80/20 stocks/bonds target allocation shifts to using only safe harbor ETFs during bear markets.