How fund houses are looking to build artificial CIOs
Move over robo funds; the next generation of artificial intelligence-based funds is being rolled out. But while they could spell big changes for asset managers, they also have drawbacks.
Artificial intelligence looks likely to disrupt global portfolio management in the years to come. Robo advisers, which automatically put customer assets into exchange-traded funds based on risk tolerance, are already proliferating. The next wave of AI funds is set to be disruptive in more radical ways.
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