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July 5, 2018 18:41 |
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Two US companies working on the stock market launched a fund managed by artificial intelligence last month
Artificial Intelligence has managed to overcome the great masters of chess and can solve calculations complicated math in seconds, but the question arises can better manage the money on the stock market from the blood and meat portfolio managers.
Investors can now try to find the answer to this question in several exchange traded funds (ETFs) that leave artificial investment decisions. The group of ETF managers and Oushan Capital advajzors launched last month a fund managed by artificial intelligence AI Rogers global macro ETF.
In November, the group of ETF managers and Ecuabot launched an AEIQ AEIQ fund
AEIQ invested in various US companies and tried to outperform the results of the Standard Pur 500 index. now she has succeeded. The fund grew 8.1% this year, while the S & P 500 grew 1.5%.
However, results over a period of less than a year are not sufficient to measure intelligent artificial intelligence. Similarly, as in any fund, the potential benefit of fund costs should be compared. With 75 basis points (0.75%), AEIQ is among the most expensive funds. For example, the classic Swiss fund of the Ju-Eu market, which also invests in US equities, charges three basis points at 0.03%.
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Sam Masuchi, founder and director of the ETF Managers group, recently said that artificial intelligence is different from algorithmic AP trading: "The artificial intelligence is very, very different, while people will continue to feed it with data, a computer, artificial intelligence, distillate and information. He added that in the case of artificial intelligence, the portfolio manager does not ask of trading signs and what kind of decision they make. "The AI model recommends what to do, whether it is to sell or to buy" , he said.
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Masucci said that it is still determined whether artificial intelligence is better in human trafficking, but that in theory it should be better. "
"In addition, the computer learns from previous procedures and the results of these procedures become t more intelligent over time, and it eliminates human prejudices because it is a machine. again, "Masui said.
He said that computers, however, will not throw people out of business on the stock market, but will provide solutions with the help of the latest technology.
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