For example, the relatively new AI Powered Equity ETF (NYSE Arca: AIEQ) is an active ETF built on EquBot’s proprietary algorithms, utilizing the cognitive and big data processing abilities of IBM Watson to analyze U.S.-listed investment opportunities.
The fund’s software ‘constantly’ analyzes information for roughly 6,000 U.S.-listed stocks, scanning through regulatory filings, news articles, social media posts, and traditional financial metrics—including factors pertaining to correlations and valuations—to find investments it perceives as undervalued.
The people behind AIEQ are programmers who understand machine learning and applied this background to finance.
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