MACHINES are starting to take the place of the people who flip burgers, drive across town and, lately, manage stock portfolios.
Artificial intelligence (AI) is taking on a bigger role in making investment decisions.
AI, including an ability to analyse data and actually learn from it, is considered useful in executing certain investing models, such as high-frequency trading, and in helping fund managers with tasks that rely on gathering and interpreting reams of information. Going a step further, an exchange-traded fund (ETF) introduced in October uses AI algorithms to choose long-term stock holdings.
It is too early to say whether the AI Powered Equity ETF will be a trendsetter or merely a curiosity....
Keyword added to your list