World’s First AI-based ETF: Mirae Asset Global Investments Lists AI-based Active ETF on Canadian Stock Market | BusinessKorea

Tuesday, March 20, 2018

Mirae Asset Global Investments President Lee Tae-yong and officials at the Mirae Asset's ETF Business.
Mirae Asset Global Investments President Lee Tae-yong and officials at the Mirae Asset's ETF Business.
3 November 2017 - 2:00pm
Yoon Yung Sil

Mirae Asset Global Investments announced on November 1 (local time) that it has listed an exchange traded fund (ETF), which invests in the global market using artificial intelligence (AI), on the Toronto Stock Exchange in Canada. This is the world’s first global ETF run by AI.

The Horizons Active AI Global Equity ETF (Ticker MIN) will invest in global equities using a basket of primarily North American-listed ETFs and will make its decisions using AI.

MIND ETF monitors more than 50 investment metrics as the key development inputs from which it analyzes patterns and makes investment decisions. It rebalances its holdings on a monthly basis to give the AI more flexibility around the investment allocation process. Additionally, it controls liquidity and regional and investments considering expected earnings, correlation and variability.

MIND forms a portfolio in advanced by learning various information through neural networks in the AI System and minimizes errors by comparing this with the best portfolio, which is the result value, using the deep learning technology.

Mirae Asset Global Investments established an AI-run financial research center in October last year for the first time in the domestic industry and has been researching on the application of deep learning to investment through artificial neural networks. The company has been operating the Mirae Asset AI Smart Beta Fund since its release in January.

According to global ETF research firm ETFGI, Mirae Asset Global ETFs rank 21st in terms of net assets among fund managers around the world as of the end of September and 17th in terms of capital inflow since beginning of the year.



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