FYI: BlackRock Inc., the world’s largest asset manager that has a multitrillion-dollar kingdom of passively managed portfolios, is turning to robots to drive its latest push into active exchange-traded funds.
The firm is starting a suite of ETFs under the “iShares Evolved” brand. The funds will pick their holdings in industries such as technology, innovative health care and media entertainment based on machine learning and natural language processing, according to a BlackRock statement Friday.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-03-23/blackrock-looks-to-robots-to-lead-its-new-active-sector-etfs?srnd=etfcenter
