Artificial Intelligence Backs 2 New ETFs

Among the myriad applications for artificial intelligence technologies are some uses in the world of financial services, including serving as the foundation for exchange traded funds.

On Tuesday, upstart ETF issuer Qraft Technologies launched two new funds rooted in AI.

What Happened

Qraft’s new ETFs are the Qraft AI Enhanced U.S. Large-Cap ETF QRFT 0.12% and the Qraft AI Enhanced U.S. Large Cap Momentum ETF AMOM 0.32%. QRFT is essentially a multi-factor fund with exposure to the quality, size, valuation, momentum and low risk factors.

Read more at Benzinga.

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