Artificial Intelligence grows louder as Wall Street receives another ETF in AIDB
May 24, 2023 10:26 AM ET
QRAFT AI-Pilot U.S. Large Cap Dynamic Beta and Income ETF (AIDB) BOTZ, ROBT, AIQ, IRBO, THNQ, CHAT
By: Jason Capul, SA News Editor
 BlackJack3D
The discussion and focus around artificial intelligence has inspired another exchange traded fund issuer to launch an AI focused fund. On Wednesday, Wall Street received the QRAFT AI-Pilot U.S. Large Cap Dynamic Beta and Income (NYSEARCA: AIDB).
The actively managed ETF aims to leverage Qraft’s proprietary AI-powered risk model making which will make it the only fully AI-powered risk managed ETF available on the market.
AIDB pulls from over 70 macro and market data sets to dynamically adjust exposure to U.S. large-cap equities based on the present signal of risk in the market. By being able to move from cash to stocks with the power of AI, AIDB hopes to provide market participants with lower volatility risks.
“We believe the application of AI in actively managed funds transcends the limitations of the human mind, allowing for potentially better risk management and investment decision making,” says Marcus Kim, founder and CEO of Qraft.
Kim added: “This is an especially relevant potential benefit for investors in times of market distress when emotions and biases are heightened. We’ve introduced AIDB to extend these benefits to investors seeking dynamic equity exposure amid global market volatility by anchoring this fund’s strategy to our time-tested AI risk prediction model.”
Moreover, AIDB now trades on the New York Stock Exchange and comes attached with a 0.75% expense ratio.
For AI focused investors, see a list of other exchange traded funds that are related to AIDB and how they have fared in 2023:
Global X Robotics & Artificial Intelligence ETF ( BOTZ) +26%.
iShares Robotics and Artificial Intelligence Multisector ETF ( IRBO) +15.8%.
Global X Artificial Intelligence & Tech ETF ( AIQ) +22.7%.
Robo Global Artificial Intelligence ETF ( THNQ) +21.8%.
Artificial Intelligence and Robotics ETF ( ROBT) +17.1%.
Roundhill Generative AI & Technology ETF ( CHAT) -0.8% ( Launched recently on May 18). |
