New ETF Will Use IBM’s Watson Supercomputer To Pick Stocks (AIEQ)

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June 16, 2017 1:21pm NYSE:AIEQ

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A recent SEC filing reveals a new fund from ETF Managers Group that will leverage the artificial intelligence (AI) power of IBM’s Watson supercomputer.


The Equbot with Watson AI Total US ETF (AIEQ) will be subadvised by Equbot, an IBM Global Entrepreneur company that aims to use artificial intelligence to make investing decisions.

ETF.com has some more details on Watson and how it’ll be used to help pick stocks:

Watson is IBM’s supercomputer that can answer questions asked in “natural” language rather than code, and analyze vast amounts of data from various sources. It is capable of learning from its own analysis and using that knowledge to answer future questions. That capability presents some intriguing possibilities for the field of fund management.

In the case of AIEQ, Equbot uses Watson to perform objective and fundamental analysis on 10 years of historical data for U.S. equities, and then integrates that analysis with the latest news and economic data.

Each day, the Equbot Model will identify 30 to 70 companies that have the greatest potential for appreciation, according to the favorability of various economic conditions, trends, and world events.

The new actively managed fund will trade on the NYSE Arca exchange, but no expense ratio was listed in the filing.


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