EquBot, a subsidiary of IBM Global Entrepreneur, has teamed up with ETF Managers Group to launch what is said to be the first ETF powered by artificial intelligence, the AI Powered Equity (AIEQ), on NYSE Arca last week. The ETF, which holds between 30 and 70 US positions, relies on EquBot’s proprietary algorithms and uses the big […]
David Older, senior fund manager at Carmignac, gave a hint at Q2 tech earnings season. He said that so far, many large cap stocks in the tech sector exceed expectations, referring to Qualcomm, SAP, Microsoft and IBM. But another major one, Netflix, brought disappointment. “While the sector remains a core component of Carmignac’s strategy, investors […]
T. Rowe Price Global Technology Equity fund manager Joshua Spencer answers a Q&A on opportunities ahead in the technology space. Why invest in tech right now? The ability for companies or sectors to show growth over the next decade is going to be difficult, if you accept as I do that macro-economic growth is likely […]
IBM has announced an agreement to acquire Trusteer, a provider of software that helps protect organisations against financial fraud and advanced security threats.
Inalytics hires for fiduciary manager analysis, Citi Lux securities and fund services to target investors in southern Europe and Latin America.
Former US government Under Secretary for Economic, Business and Agricultural Affairs Joan E. Spero will quit Dutch banking and insurance group ING’s supervisory board.