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A New ETF Uses IBM’s AI technology To Help It Pick Winning Stocks: (AIEQ)

TedTed
in Fund Discussions
FYI: Wall Street’s newest portfolio manager doesn’t eat, sleep, and looks at a million bits of data a day
Bloomberg News
AI is teaming up with investment managers.

In 2011, the computer system Watson easily defeated its human competitors in three rounds of the quiz show Jeopardy. A new exchange-traded fund argues it’ll do something similar on Wall Street.

The AI Powered Equity ETF AIEQ, +0.44% which launched on Wednesday, uses the big-data processing abilities of IBM’s IBM, +8.86% Watson to develop a portfolio of stocks that its sponsors argue will be able to offer results that aren’t only better than what human stock pickers would be able to deliver, but also the overall market.

In other words, your new portfolio manager is a computer program.
Regards,
Ted
http://www.marketwatch.com/story/a-new-etf-uses-ibms-ai-technology-to-help-it-pick-winning-stocks-2017-10-18/print

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