Celebrating 1 Year of the AI Powered Equity ETF: AIEQ
SUMMIT, N.J. – (October 18, 2018) – ETF Managers Group (ETFMG), along with our partners at EquBot, are happy to celebrate the 1-year anniversary of the AI Powered Equity ETF (NYSE ARCA: AIEQ). AIEQ is the first and only actively managed ETF to fully utilize artificial intelligence as a method for stock selection.
Since its inception on October 18, 2017, AIEQ is up 12.46% and has net assets worth $202 million.
“With AIEQ, we set out to do something brand new in bringing our AI-powered approach to the world of ETFs,” says CEO and co-founder of EquBot, Chida Khatua. “One year later, we couldn’t be happier with the market’s reception to our ideas and we’re excited to be at the forefront of the increasing use of AI in investment management.”
“As a leading thematic ETF Issuer, alongside our partners at EquBot, we are proud that in just one year this first to market AI driven product has attracted significant investor interest as one of the most popular actively managed ETFs of 2018,” said Sam Masucci, CEO ETF Managers Group. “AIEQ continues to provide an opportunity to access the U.S. domestic market by leveraging the power of machine learning. To date, the model has done a great job of timing, allowing AIEQ to perform even during points of market volatility.”
“The AI technology behind AIEQ is still in its infancy,” says COO and co-founder of EquBot, Art Amador. “Our system has grown significantly within the past year in terms of the amount of data processed and the number of investment insights uncovered. In short, our investors are better positioned today than yesterday with the power of machine learning.”
The underlying fund investments in AIEQ are based on the results of proprietary quantitative models developed by EquBot with IBM Watson artificial intelligence.
Carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Fund’s prospectus, which may be obtained by calling 1-844-ETF-MGRS (1-844-383-6477), or by visiting www.aieqetf.com. Read the prospectus carefully before investing.