Todd Rosenbluth appeared on TD Ameritrade to discuss artificial intelligence in advance of VettaFi’s upcoming August 30th AI Symposium.
“We at VettaFi are seeing really strong interest, really strong engagement toward all things AI,” Rosenbluth said. He explained that there are many ways to slice into the AI pie. One way is to focus on companies directly attempting to manifest the technology. Another is through ETFs with broad exposure that includes AI. Additionally, some ETFs use AI to make stock selections.
Asked if volatility could be a factor in the space, Rosenbluth said it could. He noted, “If you are using AI to pick stocks, then the computer or machine told us to buy the stock. It’s a lot harder to ask why that is the case other than ‘this is what the data told has us.’” Later, he added, “They are going to make changes more frequently – they being AI-driven ETFs – then a more traditional fundamentally focused AI ETF.”
Advisors Need to Understand AI
Given the scope of depth of AI funds already on the market, it is more critical than ever for investors to wrap their heads around the technology. Fortunately, VettaFi’s free AI Symposium on August 30th will be there to illuminate this fascinating space.
Originally published on ETFTrends.com on August 16, 2023.
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