“An ETF that chooses solely by IBM’s Watson artificial intelligence is still keeping its cash balance to a minimum with the major averages at or near record highs.
The AI Powered Equity ETF (NYSEARCA:AIEQ) is trailing the S&P 500 (SP500) (NYSEARCA:SPY) slightly year to date, up 17.5%, compared with a 19% rise in the benchmark index.
‘Not only does it take a novel approach to stock selection versus its human counterparts, but it has a solid performance track record,’ DataTrek Research co-founders Nicholas Colas and Jessica Rabe write.”