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Portfolio > Portfolio Construction

STOXX Launches AI Index Based On AI Algorithm: Portfolio Products

By Emily Zulz

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STOXX launched an index that uses artificial intelligence-related algorithms to select companies exposed to the AI megatrend.

The STOXX AI Global Artificial Intelligence Index is made up of around 200 companies from a wide range of industries that invest heavily in the development of new AI technologies such as technology, telecommunications, finance and internet services.

According to STOXX CEO Matteo Andreetto, “AI technologies present an unrivalled investment opportunity, yet investors need solutions to discern hype from a real opportunity.”

The new STOXX AI index selects its constituents by using artificial intelligence technology – which STOXX says is the first thematic index to do so. To develop the index STOXX partnered with Yewno, an AI company based in Silicon Valley, which applied its knowledge graph technology to assess companies’ intellectual property (IP).

According to Yewno CEO Ruggero Gramatica, Yewno’s “underlying knowledge graph and AI technology screens a large volume of structured and unstructured data such as official filings and patents in order to detect companies that are investing in AI-related technologies and research.” 

The underlying universe for the index composition is the STOXX Global and Developed Markets Total Market Index, which tracks around 7,000 stocks.

In addition to the innovative AI index, STOXX also launched the STOXX Global Artificial Intelligence Index today, which includes companies with a revenue exposure above 50% to AI-related sectors.

Amplify ETFs Delivers Blockchain-Based Exposure with New ETF

Amplify ETFs launched a new exchange-traded fund that invests in publicly-traded global companies leading the research, investment and revenue creation related to blockchain-based and other distributed ledger technologies

The Amplify Transformational Data Sharing ETF (BLOK) utilizes an actively managed approach to investing in blockchain-based technology, allowing the fund’s portfolio managers to respond in real-time to valuations, company fundamentals and announcements that may impact the blockchain marketplace.

BLOK will be co-managed by the Fund’s sub-advisers, Toroso Investments, LLC and CSAT Investments Advisory LP, and it has a net expense ratio of 0.70%.

REX Shares And Bank Of Montreal Launch 3x Leveraged “FANG+” ETN

REX Shares partnered with Bank of Montreal to launch a pair of exchange traded notes under the name REX MicroSectors.

The BMO REX MicroSectors FANG+ Index 3X Leveraged ETNs (FNGU) and the BMO REX MicroSectors FANG+ Index -3X Inverse Leveraged ETNs (FNGD) are based on the NYSE FANG+ Index. 

The NYSE FANG+ Index provides exposure to a select group of heavily traded growth stocks of next generation technology and tech-enabled companies. These  include the five core “FANG” stocks — Facebook, Apple, Amazon, Netflix and Alphabet’s Google — plus another five actively traded technology growth stocks — Alibaba, Baidu, NVIDIA, Tesla and Twitter.

The ETNs are senior, unsecured obligations of the Bank of Montreal.

Solactive Launches Sustainability Index Europe

Solactive launched the Solactive Sustainability Index Europe, which is designed to track the performance of environmentally and socially responsible European companies, based on the data-driven platform Arabesque S-Ray.

Arabesque S-Ray uses machine-learning and algorithm-based technology to rate companies on the principles of the United Nations Global Compact: Human Rights, Labor Rights, the Environment and Anti-Corruption.

The algorithm-based technology systematically combines more than 500 environmental, social and governance (ESG) metrics with news signals from over 50,000 sources. Solactive then applies financial screens, such as liquidity and dividend-yield filters, to get to the final index composition.

The index strategy seeks to achieve a lower volatility than the Solactive Europe 675 Index benchmark and a comparable dividend yield. It also includes specific dividend-yield filters and weighs the components based on volatility optimization. The index is priced in Euro.

Wealthbox Upgrades its CRM

Wealthbox launched the “biggest update” to its CRM and all its customers have been automatically upgraded to Wealthbox CRM version 3.0, simply called “Wealthbox 3.”

In the new version, advisors will now have advisor inbox called “Wealthbox Mail” that’s embedded in the new CRM. The email application in Wealthbox syncs with advisors’ email accounts. 

The new Wealthbox 3 will also include desktop apps for Windows and Mac. Wealthbox also announced a new integration with Wealthbox and TD Ameritrade’s Veo One.

Voya Financial Premieres its Personalized Account Videos for Retirement Plan Customers

Voya Financial introduced personalized videos as the latest addition to its suite of digital educational retirement-planning tools and resources.

The videos, available to all retirement plan participants through Voya’s myOrangeMoney website, help individuals visualize their own journey to retirement. The goal is to provide each person with a roadmap of their saving status, while educating them on the positive action they can take now to achieve their future financial goals.

The new personalized videos incorporate real-time account information, such as monthly income replacement goals, estimated monthly retirement income and potential shortfalls.

Each video identifies a participant by their first name and runs approximately one minute. They also leverage Voya’s predictive analytics capabilities and provide a targeted call to action that mirrors the message they would receive if they were to contact Voya’s service center or access other areas of the website.

The mobile-friendly videos are currently available through Voya’s participant website and will be accessible through statement emails later in 2018.

– Read last week’s portfolio product roundup here: Deutsche Asset Management Expands High-Yield ETF Suite: Portfolio Products

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