FINQ First U.S. Large Cap AI-Managed Equity ETF

AIUP

Market cap $1.19M

Fund manager FINQ has launched two U.S. exchange-traded funds (ETFs) in which the firm's artificial intelligence (AI) model selects, designs and manages the portfolio, Reuters reported Tuesday (Feb. 10). Human involvement in the AIUP and AINT U.S. large-cap equity ETFs will be limited to oversight and governance, according to the report.

Israel fund manager FINQ said on Tuesday it was entering the U.S. Exchange-Traded Funds market with two funds that will be solely managed by artificial intelligence, a nascent sub-sector where so far AI has only been used as a supporting tool.