TMCnet News
EquBot to Ring NYSE Opening Bell to Celebrate Successful Launch of its AI Powered International Equity ETF (AIIQ)EquBot Inc., a leader in combining deep financial analysis with the cognitive power of artificial intelligence (AI), will ring the Opening Bell at the NYSE this morning to celebrate the successful launch of its AI Powered International Equity ETF (NYSE Arca: AIIQ). "It's a thrill for us to ring today's Opening Bell," said Chida Khatua, CEO and co-founder of EquBot. "AI-driven solutions are driving the next wave of innovation in the asset management and financial advisory businesses, and we are very proud to be the firm behind innovative, first of their kind approaches like AIIQ." AIIQ, which began trading in June of 2018, is the first actively managed international equity ETF to utilize the power of an AI-driven approach. Every day, EquBot's proprietary model analyzes thousands of stocks from around the world based on the probability of each company benefiting from a number of different factors, including current economic conditions, market trends, world events, investor sentiment, and more. From that starting universe, the model identifies 80 to 250 companies, ex-U.S., for inclusion in the portfolio which have the greatest potential for price appreciation over the next 12 months. "The world produces as much data now in a single day as it previously did over the course of decades, making technology essential to analyzing, understanding and identifying opportunities in the global markets," added Art Amador, COO and co-founder of EquBot. "AIIQ represents the cutting edge of this technology and we're very excited to mark its recent launch this morning with the NYSE." About EquBot EquBot offers compelling global financial technology solutions powered by artificial intelligence (AI) and machine learning (ML). The EquBot investment technology platform works around the clock to process market big data and unstructured electronic signals to formulate innovative and actionableinvestment insights. The use of multiple instances of AI at the core of EquBot's proprietary algorithms position the firm as an industry leader in data consumption while simultaneously growing its global knowledge and investment value base. EquBot's unique technology structure allows for efficient construction of custom investment solutions. EquBot seeks to use its investment technology platform to take leadership in bringing affordable AI investment products to market for investors of all backgrounds. EquBot is a participant in the "With Watson" program and a graduate of the IBM (News - Alert) Global Entrepreneur Program. EquBot is headquartered in San Francisco. Additional information is available at www.equbot.com. Carefully consider the Fund's investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Fund's statutory or summary prospectus, which may be obtained by calling 1-650-451-5497, or by visiting www.AIIQetf.com. Read the prospectus carefully before investing. Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Narrowly focused investments typically exhibit higher volatility. The equity securities held in the Fund's portfolio may experience sudden, unpredictable drops in value or long periods of decline in value. This may occur because of factors that affect securities markets generally or factors affecting specific issuers, industries, or sectors in which the Fund invests such as political, market and economic developments, as well as events that impact specific issuers. The fund is non-diversified, meaning it may focus assets in fewer individual holdings and therefore the fund is more exposed to individual stock volatility than a diversified fund. Investments in foreign securities involve greater volatility and political, economic and currency risks as well as differences in accounting methods. The Fund issues and redeems shares on a continuous basis, at NAV, only in blocks of 50,000 shares ("Creation Units"), principally in-kind for securities included in the Fund's portfolio, and only Authorized Participants (typically, broker-dealers) may purchase or redeem Creation Units. The Fund is actively-managed and may not meet its investment objective based on the success or failure of the EquBot Model to identify investment opportunities. The portfolio managers may actively and frequently trade securities or other instruments in the Fund's portfolio to carry out its investment strategies. A high portfolio turnover rate increases transaction costs, which may increase the Fund's expenses. Some of the models used by the Adviser for the Fund are predictive in nature. The use of predictive models has inherent risks. When Models and Data prove to be incorrect or incomplete, any decisions made in reliance thereon expose the Fund to potential risks. For example, by relying on Models and Data, the Adviser may be induced to buy certain investments at prices that are too high, to sell certain other investments at prices that are too low, or to miss favorable opportunities altogether. Similarly, any hedging based on faulty Models and Data may prove to be unsuccessful. The AI Powered International Equity ETF is distributed by Quasar Distributors, LLC. View source version on businesswire.com: https://www.businesswire.com/news/home/20190205005071/en/ |
