AIEQ: An ETF driven solely by artificial intelligence

Robots have not yet conquered the world, but an exchange-traded artificial intelligence-led fund is about to take over the world of ETFs. Since the beginning of the year, the AI-led ETF in question has risen 19%.

The AIEQ Fund, behind which IBM's renowned supercomputer, Watson, is actively managing the fund, applying artificial intelligence to stock picking. The computer uses proprietary analytic algorithms that crawl and analyze millions of elements of financial information and data per day, and build forecast financial models for nearly 6,000 companies.

Since the beginning of the year, AIEQ has surpassed the S & P500 by around 160 basis points.

The AIEQ portfolio contains 130 stocks, none of which exceeds 3.54% risk, while the algorithms themselves avoid systematic risk and do not exceed it. At the end of Q2, the fund had allocated about 27.35% of its portfolio in technology stocks and 26.79% in combination in financial stocks and health care. Despite interest in the defensive sector, such as utilities and real estate performing well this year, AIEQ is not investing in these sectors.

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