Robot ETF Leaves Pros in Dust, Scoring Wins on Small-Cap Fliers
- AI Powered Equity ETF has beaten the S&P 500 since inception
- Ten out of 15 top fund contributors aren’t S&P 500 members
Photographer: Yuriko Nakao/Bloomberg
This article is for subscribers only.
Everyone knows fund managers can’t keep up with benchmarks, and the last 12 months have been particularly grim. So when it turns out an exchange-traded fund supposedly driven by artificial intelligence has managed the feat, people take notice.
The AI Powered Equity ETF, ticker AIEQ, is up 11.81 percent from its debut a year ago through Wednesday, just edging out the S&P 500. That’s better than 87 percent of active managers over the stretch. How’d it do it? Pretty much the only way you could. By buying little-known companies that paid off big.