Aberdeen Standard Investments has launched a fund that uses machine-learning to identify sources of potential returns.
The Aberdeen Global Artificial Intelligence Global Equity Sicav uses machine-learning techniques as part of the investment process and will also use a variety of quantitative techniques to time its investments.
These investments will be based on risk factors such as value, quality, momentum, small size and low volatility that can provide investors with risk-adjusted excess returns.
Martin Gilbert, co-chief executive at Standard Life Aberdeen, said: “For active investment management firms, the ability to use machines to read and understand vast amounts of data in order to forecast market moves more accurately has spawned innovation and a resurgence in active quantitative investment approaches.”
The fund has initially been registered for sale in Luxembourg, Switzerland and the United Kingdom.
It has an annual management charge of 0.50% for institutional investors and 1.00% for retail investors.
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