eToro, an Israel-based social trading network, has introduced a new
smart porfilio that uses artificial intelligence (AI) to provide retail investors’
exposure to the stocks of 12 high-growth United States companies. The portfolio is tagged “InvestorAI-US.”
In a statement released on Tuesday, eToro disclosed that it
launched the portfolio in partnership with Bridgeweave, a UK-based startup that
uses AI to create automated investment solutions for equities and cryptocurrencies investors. The smart portfolio is powered by Bridgeweave’s
proprietary technology.
eToro explained that the portfolio operates by offering investors access to the 12 stocks “with a robust capital structure, consistent year-over-year sales
growth and exhibiting positive price momentum.” However, at the end of each
month, the stocks basket is reshuffled to meet the aforementioned criteria.
“With AI taking care of the selection process, users will gain exposure
to an array of less known, high growth companies that support a diversified
investment strategy,” eToro noted.
Watch the recent FMLS22 session on trading in an era of social media.
Some of the companies whose stocks are included in the first portfolio include
McDonald’s, Johnson & Johnson, Paycom Software, Monster Beverage Corp and
Array Technologies, among others. These stocks are
worth an average weighted market capitalization of US$18 billion, eToro said.
“Catering to investors who seek exposure to the US equity market, the
performance of InvestorAI US Growth is measured against the S&P 500 and is
designed to outperform over the medium to long term,” a description of the new
portfolio on a page of eToro’s website reads.
However, eToro in the statement pointed out that the new portfolio is
not yet available to its users in the United States.
Meanwhile, the result of a recent survey conducted by eToro found that a
majority of retail investors (69%) feel confident about their
investment portfolio despite the downturns of the financial markets last
year. In addition, most retail investors (67%) feel positive
or are ambivalent about the year’s prolonged bear market. However, a
good number of them (33%) say their eagerness to invest has been impacted to
some extent.
Another recent survey by the Cyprus Securities and Exchange
Commission (CySEC ) found that 31% of retail investors rely on ‘finflueners’. This is even as CySEC found that 22% of investors made their decisions
based on promotions and endorsements.
eToro, an Israel-based social trading network, has introduced a new
smart porfilio that uses artificial intelligence (AI) to provide retail investors’
exposure to the stocks of 12 high-growth United States companies. The portfolio is tagged “InvestorAI-US.”
In a statement released on Tuesday, eToro disclosed that it
launched the portfolio in partnership with Bridgeweave, a UK-based startup that
uses AI to create automated investment solutions for equities and cryptocurrencies investors. The smart portfolio is powered by Bridgeweave’s
proprietary technology.
eToro explained that the portfolio operates by offering investors access to the 12 stocks “with a robust capital structure, consistent year-over-year sales
growth and exhibiting positive price momentum.” However, at the end of each
month, the stocks basket is reshuffled to meet the aforementioned criteria.
“With AI taking care of the selection process, users will gain exposure
to an array of less known, high growth companies that support a diversified
investment strategy,” eToro noted.
Watch the recent FMLS22 session on trading in an era of social media.
Some of the companies whose stocks are included in the first portfolio include
McDonald’s, Johnson & Johnson, Paycom Software, Monster Beverage Corp and
Array Technologies, among others. These stocks are
worth an average weighted market capitalization of US$18 billion, eToro said.
“Catering to investors who seek exposure to the US equity market, the
performance of InvestorAI US Growth is measured against the S&P 500 and is
designed to outperform over the medium to long term,” a description of the new
portfolio on a page of eToro’s website reads.
However, eToro in the statement pointed out that the new portfolio is
not yet available to its users in the United States.
Meanwhile, the result of a recent survey conducted by eToro found that a
majority of retail investors (69%) feel confident about their
investment portfolio despite the downturns of the financial markets last
year. In addition, most retail investors (67%) feel positive
or are ambivalent about the year’s prolonged bear market. However, a
good number of them (33%) say their eagerness to invest has been impacted to
some extent.
Another recent survey by the Cyprus Securities and Exchange
Commission (CySEC ) found that 31% of retail investors rely on ‘finflueners’. This is even as CySEC found that 22% of investors made their decisions
based on promotions and endorsements.