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German firms unveil first 100% AI-led global equity fund

German firms unveil first 100% AI-led global equity fund

BayernInvest and Acatis Investments are teaming up to launch the world’s first global equity fund which is 100% controlled by artificial intelligence, the two groups have announced.

The Ucits-compliant fund, which is called BayernInvest ACATIS KI Aktien Global Fonds, is set to be launched on March 23 for a select group of seed investors.

This new fund will be based on a computer-led stock selection process, which then combines them to form an investment portfolio. It is primarily aimed at institutional investors.

Using a method called ‘deep learning’, Acatis - which is home to veteran investor Hendrik Leber - said the fund will build on its existing work in the field of AI.

This follows the launch of the so-called ‘Quantenstein’ project, which saw it adopt AI stock suggestions into its Global Value Total Return fund.

The Frankfurt-based boutique further pushed into the field of AI in January when it announced it would merger the Global Value Total Return fund with the Acatis – 5 Sterne Universal Fonds, with the merged fund relying on AI-led investments.

This latest fund will invest in 50 stocks and rebalances on a semi-annual basis. It will seek to outperform the MSCI World Index by at least 3% annually.

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