Alternative Investments/AI: Mount Yale Launches Growth And Value Alpha Intelligent (AI) ETFs
The new ETFs are ‘Alpha Intelligent,’ actively managed funds that combine the portfolio manager’s skills with machine learning and big data analytics.
Princeton Fund Advisors, LLC, a wholly owned subsidiary of Mount Yale Capital Group, has launched two new Alpha Intelligent funds based on growth or value. The Alpha Intelligent Large Cap Value ETF (AILV) and the Alpha Intelligent Large Cap Growth ETF (AILG) are based on the Ensemble Active Management (EAM) system. (ETF Trends)
EAM uses artificial intelligence and predictive analytics, and the new ETFs are the first to use this system. Moreover, Alpha Intelligent has been offered already as Separately Managed Accounts (SMAs) and is now being made available as an ETF.
The new funds both have an expense ratio of 0.85%.
Alpha Intelligent Large Cap Value ETF (NYSE: AILV)
AILV invests primarily in large-cap companies that are priced as value stocks within the market cap ranges of the Russell 1000 Value Index by using alpha strategy, big data analytics, and machine learning to identify companies with high conviction positions. Securities are screened based on risk and return metrics such as historical performance, Sharpe ratios, upside and downside capture ratios, and performance drawdown.
Alpha Intelligent Large Cap Growth ETF (NYSE: AILG)
AILG invests primarily in large-cap companies that focus on growth potential within the market cap range of the Russell 1000 Growth Index. The fund combines alpha strategy with big data analytics and machine learning to create a portfolio of high conviction positions made up of large-cap growth securities that are anticipated to create both substantial and sustainable positive cash flow while exceeding the performance of peers within their industry.
“We believe our investment research, combined with the power of ensemble methods, a machine learning technique used in applications such as Netflix® and Google Maps™ will enable our clients to participate today in what we believe is the future of active investment management,” said Greg Anderson, president of Mount Yale.
Related Story: WisdomTree To Boost Thematic Lineup With AI ETF
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