Aberdeen Standard Investments unveils global equity AI fund

Aberdeen Standard Investments has launched the Aberdeen Global Artificial Intelligence Global Equity Sicav, a global equity AI fund that uses machine learning to identify sources of potential return.

The Aberdeen Global (AG) AI Global Equity Sicav, launched in Luxembourg, results from the collaboration between Aberdeen Standard Investments’ Quantitative Investment Strategies team and Mitsubishi UFJ Trust Investment Technology Institute and the Trust Bank in Tokyo – a centre of excellence in robotics, artificial intelligence and financial technology.

The fund uses a variety of quantitative techniques to time its investments – based on “factor premia”, which are sources of risk including value, quality, momentum, small size, and low volatility that can provide investors with persistent risk-adjusted excess returns.

Martin Gilbert, Co-CEO 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. To benefit from this AI-driven innovation, and to complement our highly successful active fundamental strategies, we are proud to have collaborated with the MTEC – Japan’s leading and most prestigious financial technology think-tank – and the Trust Bank to develop this active quant Fund.”

The fund is an extension of the firm’s existing factor investing strategies, including the recently launched proprietary SMARTER Beta multifactor equity indices and funds, and the BETTER Beta range of enhanced indexation funds.

ABOUT THE AUTHOR
Eugenia Jimenez
Eugenia Jiménez speaks Spanish and is Iberia Correspondent for Investment Europe covering Spain & Portugal, as well as assisting with coverage of Italy. She holds a UK NCTJ- accredited Multimedia News Reporting course and studied Journalism at the University of Sevilla. She has worked for local media organisations in Sevilla and Málaga, mainly in broadcasting as a news reporter, among other roles. She has also worked for a local newspaper in Sevilla, reporting on current affairs, local government and culture.

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