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NEWSLETTER | 17 Feb 2023

Our interview this week is with Chris Natividad of Equbot who, working with ETF Managers Group, is enjoying success with AIEQ, an ETF based on IBM Watson. According to Bloomberg, new AI kid on the block ChatGPT was unable to create a market beating ETF due to market volatility, but IBM Watson has given AIEQ returns twice that of the S&P 500.

The result has been asset and performance growth of USD30 million this year. Natividad says that the firm welcomes more competition as they feel they are still very much in the educational phase. "Most of the large banks are going through the exercise of should they build or buy an AI investment piece. Our ETF was a proof of concept and something we are proud of," he says.

The popular team behind MacMillan Communications became the news themselves this week as the respected New York-based PR firm rebranded as Craft & Capital. Chris Sullivan, President of Craft & Capital explained the new name and what it means for a firm to bring both craft and capital to the PR process.

The second week in the month brought the usual raft of news of asset flows from the previous month and apparently, 2023 has started out well for ETFs. ETFGI reported third highest inflows ever in January for European ETFs, and Amundi noted that globally, fixed income ETFs surpassed equity ETFs in asset flows.

Voting finishes today, 17th February, for the European ETF Express Awards, in their thirteenth outing. Results will be published after the awards event on 23rd March, but winners will be hearing from us early next week – good luck to everyone in the final push!

To cast your votes please click here.

Beverly Chandler, Managing Editor

For live updates please follow us on Twitterand LinkedIn.

Companies in this issue

Algo-Chain
Amundi
Calamos Investments
ChatGPT
Craft & Capital
ETF Managers Group
Equbot
HANetf
IBM Watson
Investlinx
MarketVector Indexes
REX Shares
Van Eck Europe

ETFs in Europe gathered net inflows of USD19.34 billion during January, according to ETF data gatherers ETFGI. During the month, assets invested in the ETFs industry in Europe increased by 7.4 per cent, the firm says, from USD1.42 trillion at the end of December to USD1.52 trillion.

AI developments see AIEQ outperforming

Market conditions bring us news of old-school AI, IBM Watson, up against the new kid on the block, ChatGPT, which, when asked to create a market-beating ETF failed, according to Bloomberg.

This week saw a new investment manager, Investlinx, launch two active ETFs on the Italian stock exchange and European white labeller, HANetf, team up with Algo-Chain, to launch six free to licence ETF model portfolios, aimed at wealth managers and financial advisers keen to use ETFs.