ETFMG’s Sam Masucci talks about AI-powered funds in the Associated Press

Trust the machines? Funds run by artificial intelligence

A computer can trounce a human chess master and solve complex mathematical calculations in seconds. Can it do a better job investing your money than a flesh-and-blood portfolio manager?

Investors willing to test that question can do so with a couple of exchange-traded funds, or ETFs, that leave the investment decisions to a computer’s so-called artificial intelligence, or AI.

ETF Managers Group and Ocean Capital Advisors launched an AI-powered fund last month dubbed the Rogers AI Global Macro ETF (BIKR) that invests primarily in single-country ETFs. The fund’s AI sifts through millions of data points from countries around the globe and uses what it learns to determine how best to allocate the fund’s holdings. (Humans carry out the trades, however.)

Read the rest here: https://apnews.com/d048197124654bf98bbc70a4fa144d8e

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