Italian fintech firm Axyon AI has unveiled an AI-powered US large-cap equity index, using predictive models and Morningstar Indexes’ data and calculation services to offer a “forward-looking” benchmark for institutional investors.
The index, which focuses on US large-cap equities, is built on Morningstar Indexes’ data universe and leverages Axyon AI’s proprietary predictive models to generate performance insights.
Morningstar Indexes, a globally recognised provider of index calculation and data services, is responsible for the index’s data, calculation and management services. The partnership brings together Morningstar’s rigorous calculation standards and transparent methodology with Axyon AI’s proprietary predictive AI models to enhance portfolio construction and asset allocation decisions.
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The AI-powered index is derived from a universe of US large-cap stocks, with performance forecasts generated by Axyon’s models to inform constituent selection and weighting. The result is a dynamic and adaptive benchmark that reflects anticipated market developments, rather than just historical data.
“Our first AI-powered index, calculated by Morningstar, offers investors a unique benchmark for the top-performing US Large-Cap equities”, says Daniele Grassi, co-founder and CEO of Axyon AI. “This launch represents an important milestone in our journey, highlighting not only our strong track record but also our commitment to transparency and excellence in everything we do.”
Alex Bryan, director of equity index product management, Morningstar, commented: “We’re very happy to collaborate with Axyon AI to offer their clients access to our high-quality index data and calculation services. High-quality indexes begin with strong data and run on an efficient and accurate calculation engine. Morningstar Indexes is providing these leading capabilities to Axyon AI for its innovative new index.”
