The fund, which is being run in partnership with ETF Managers Group of Summit, New Jersey, will use AI and machine learning to scan more than 6,000 U.S. publicly traded companies each day to create a diversified fund, Amador said. The program will parse regulatory filings, more than a million news stories, company management profiles, sentiment gauges and financial models to establish a portfolio of 30 to 70 stocks.
Once the stocks are chosen, a team of human managers at ETF Managers Group will rebalance the portfolio based on the selections -- theoretically, every day if the computer proposes changes.
Just launched yesterday. AI powered by IBM's Watson. Will be really interesting to see which companies the AI chooses and how it competes/compares to other ETFs.
Submitted October 19, 2017 at 11:39AM by skulman7 http://ift.tt/2x8hGPm
