AI-powered stock funds bet bots can pick stocks faster and better than humans
A handful of fund managers are betting that exchange traded funds run by AI stock-picking models can crunch data quicker and make better investment decisions than humans, even as many people remain wary or even fearful of artificial intelligence.
So far, fewer than half-a-dozen ETFs, collectively managing only about $30 million of the ETF industry’s nearly $17 trillion in assets, rely solely on AI-powered bots to control everything from research to stock selection.
