Bloomberg: Robo-ETF outperforms S&P 500

A robot ETF has been leaving “pros in the dust, scoring wins on small-cap fliers”, reports Bloomberg. Everyone knows fund managers can’t keep up with benchmarks, and the last 12 months have been particularly grim. So when it turns out an exchange-traded fund supposedly driven by artificial intelligence has managed the feat, people take notice.

The AI Powered Equity ETF, ticker AIEQ, is up 11.81% from its debut a year ago through Wednesday, just edging out the S&P 500. That’s better than 87% of active managers over the stretch. How’d it do it? Pretty much the only way you could. By buying little-known companies that paid off big.

Read the full article

Related Posts

Previous Post
Reuters: FATF to set first cryptocurrency rules by June 2019
Next Post
Fidelity launches digital asset company with custody, trade execution services

Related Posts

Fill out this field
Fill out this field
Please enter a valid email address.

Menu
X

Reset password

Create an account