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How Wall Street Is Using AI to Build ETFs | What Goes Up
Posted
February 10, 2023
Views
296
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February 10, 2023
296
7
2.36%
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40:01Now PlayingChatGPT has taken the internet by storm, spurring all manner of experiments and examination as to what extent the artificial-intelligence model can supplant humans and daily tasks. But it’s also being used on Wall Street, where a number of exchange-traded fund issuers, including State Street, have grasped onto the concept to help put together innovative products.
Matt Bartolini, head of SPDR Americas Research at State Street Global Advisors, joined the What Goes Up podcast to talk about using AI in portfolio construction. His firm’s SPDR S&P Kensho New Economies Composite ETF is up roughly 20% this year.
“The reason why we went down this path of using AI is that we wanted something forward looking—something dynamic—because back in 2018, we understood that, in the ETF world, there weren’t a lot of strategies that were this forward-looking, innovative-type paradigm,” Bartolini said. “The AI process was able to deliver that for us.”
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Hosts Mike Regan and Vildana Hajric are joined each week by expert guests to discuss the main themes influencing global markets. They explore everything from stocks to bonds to currencies and commodities, and how each asset class affects trading in the others. Whether you’re a financial professional or just a curious retirement saver, What Goes Up keeps you apprised of the latest buzz on Wall Street and what the wildest movements in markets will mean for your investments.
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