Los robots gobiernan los mercados.
This Market-Crushing AI Fund Has Moved Heavily Into U.S. Tech Stocks
A machine-guided fund which is crushing the performance of the S&P 500 Index this year has shifted heavily into technology stocks and slashed holdings of cyclical industrial names since the U.S. election.
The AI Powered Equity ETF (AIEQ), an exchange-traded fund driven by artificial intelligence, now has more than 37% of its holdings in tech, a rise of 9 percentage points from Nov. 3, according to data compiled by Bloomberg.
Launched in October 2017, the AI Powered fund has seen a total return of about 75% since inception, compared with 60% for the S&P 500.
Madre mía, las ciclicas otra vez al armario.
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