It can be difficult and time-consuming to choose stocks in today’s unpredictable market, especially if you aren’t continuously monitoring trends and political concerns that could affect your investments. Exchange-traded funds (ETFs), which offer a streamlined investment plan, are helpful in this situation. The AI Powered Equity ETF (AIEQ) stands out as one such ETF.
The actively managed ETF AIEQ takes pride in being the first to fully incorporate artificial intelligence into the asset selection process. To make wise financial selections, it asserts to study millions of data points. However, it hasn’t done particularly well lately. The fund has increased by 12% year to date, falling short of the S&P 500’s about 16% growth. And over the last 12 months, the broad-based index has grown by 6% while the AI fund has decreased by 10%.
Roku, DoorDash, and U.S. Bancorp are the top three holdings of AIEQ as of August 11th, each representing more than 4% of the fund’s total weight.
Investment in AIEQ, however, carries some risk. Its potential volatility is increased by the stock-picking method that makes it vulnerable to social media and news trends. While it’s a fund to keep an eye on, there are other ETFs with more reliable and superior long-term plans that investors should think about. In conclusion, consumers looking for predictable and consistent returns might not find the AI Powered Equity ETF to be the most appealing choice. When thinking about investing in this specific ETF, it’s critical to weigh the risks and potential rewards.
