In the Margins

AI ETF is 2017 success story

December 7, 2017

By MarketWatch

One of the most notable success stories on Wall Street in 2017 is the AI Powered Equity ETF, an exchange-traded fund that uses artificial intelligence technology to select the stocks it holds. “We were absolutely surprised by the degree of interest,” said Art Amador, co-founder of EquBot LLC, which sponsored the fund. “We launched with $2.5 million in assets and were hoping to get to $40 million by the end of the year. Instead, we got that within the first week and now we’re north of $70 million. It blew our minds.” Read the original story from MarketWatch.