BlackRock Is Launching New Active ETFs That Are Built by Bots
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BlackRock Inc.’s exchange-traded fund business is getting a machine-made makeover.
After building a $1.3 trillion ETF empire on the back of passive funds, the world’s largest asset manager is readying a suite of actively managed equity ETFs designed by...robots. At least seven funds branded ‘‘iShares Evolved’’ will invest in sectors such as innovative health care, media and entertainment, and technology -- slices of the market that have been classified using artificial intelligence, regulatory filings with the U.S. Securities and Exchange Commission show.