AI Chatbot To Give Stock-Picking Advice: How Does AI Perform In The Markets?
Portfolio Pulse from Stjepan Kalinic
Bridgewise, an Israeli AI startup, has received approval to launch a chatbot for stock-picking advice, partnering with Israel Discount Bank. This marks a new era of AI-powered retail investing. AI ETFs like VanEck Social Sentiment ETF and WisdomTree International AI Enhanced Value Fund are examples of AI-driven stock picking, though they currently underperform the S&P 500.
September 24, 2024 | 10:26 pm
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NEUTRAL IMPACT
WisdomTree International AI Enhanced Value Fund is an AI-driven ETF with an 8.75% YTD gain, underperforming the S&P 500. It has a high expense ratio of 58 basis points.
The ETF's underperformance compared to the S&P 500 may limit its appeal. However, its AI-driven strategy could attract investors interested in cutting-edge approaches. The high expense ratio is a downside.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
VanEck Social Sentiment ETF uses AI to track investor sentiment but is underperforming the S&P 500 with a 14.55% YTD gain. High expense ratio of 75 basis points is a concern.
The ETF's performance is below the S&P 500, which may deter investors. However, its AI-driven approach could attract those interested in innovative investment strategies. The high expense ratio is a negative factor.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80