Source: Reuters (via feed)
Israel-based fund manager FINQ announced on Tuesday that it is launching two exchange-traded funds (ETFs) in the United States. These ETFs will be managed solely by artificial intelligence. This approach marks a departure from current practices where AI typically serves as a support tool rather than the main manager. The launch positions FINQ in a growing area of asset management.
The firm did not provide details on the investment strategy used by the AI systems. Meanwhile, the introduction of AI-only managed ETFs reflects a broader interest in applying technology to portfolio management. Market participants are closely watching how these products perform compared to traditional funds. FINQ’s move could influence the development of AI in financial services.
This step comes amid increased innovation in ETF offerings globally. As a result, it contributes to the ongoing shift toward algorithm-driven investment solutions.
The launch of AI-managed ETFs by FINQ represents a new phase in automated asset management, impacting the ETF market and investor options.
