Finnish fund manager FIM is introducing the first investment fund in the Nordic region, where a self-learning algorithm gets to pick all the stocks.
Targeting returns of 3 percentage points above the MSCI World Index, the FIM Artificial Intelligence fund seeks to tease out patterns even an experienced fund manager may not detect, according to Chief Investment Officer Eelis Hein, who oversees 5.6 billion euros ($6.6 billion) in investments at FIM Asset Management.
