German bank Baader to launch ‘AI-enhanced’ active ETF

Quick Summary:

The model has been designed by Ultramarin, an AI investment specialist company, to predict the monthly excess return for each stock in the investment universe of eurozone equities.

Kenneth Lamont, senior research analyst at Morningstar, said the fund would be the first active ETF in Europe to “so heavily rely on AI” to select stocks.

Detlef Glow, head of Europe, the Middle East and Africa research at LSEG Lipper, said using AI for securities selection was “a natural evolution” in the use of quantitative analysis.

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Article Details

Author / Journalist: Dominic Lawson

Category: MarketsFinanceInvesting

Markets: United StatesGermanyIreland

Topics: Investment Fund Stock Financial Management Etfs Baader Exchange Europe Funds Data

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-24 @ 04:00:42 (6 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 703 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 30 words per sentence (average)

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Copyright Owner: © Financial Times

News ID: 21360001

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