Alternative Investments/AI: Qraft And LG Collaborate To Launch AI-Powered Large Cap Equity ETF

“We believe we’re setting the stage for a revolutionary transformation in how investors approach large-cap core investments and harness the potential of AI to drive positive returns for investors.” – Marcus Kim, founder and CEO of Qraft

Qraft Technologies, a prominent invest-tech company specializing in artificial intelligence investing solutions, has joined forces with LG AI Research, the AI research hub of the LG Group (KRX: 003550), to unveil the LG Qraft AI-Powered U.S. Large-Cap Core ETF (NYSE: LQAI). This collaborative effort signifies a significant milestone in their partnership and aims to outperform U.S. large-cap stocks by investing in a diverse portfolio of 100 stocks.

What sets LQAI apart is its utilization of a proprietary AI model developed by LG AI Research and Qraft Technologies, which rebalances the portfolio every four weeks. This marks a pioneering achievement as it represents the first joint project undertaken by these two entities, bridging LG AI Research’s expertise in AI forecasting with Qraft’s track record in AI-powered investment solutions. (Businesswire)

The AI model is driven by a deep neural network and processes an extensive array of financial and text data, including macro variables, fundamental data, and market trends. It excels at identifying patterns and signals that may elude human analysts due to its speed and scale. LQAI’s strategy is designed to proactively assess the relative strength of individual stocks, adapt to market shifts, optimize risk-adjusted returns, and seize evolving investment opportunities while guarding against potential market risks.

This initiative aligns with LG AI Research’s broader mission to apply AI capabilities in various sectors, and it adds a financial services dimension to their portfolio. Marcus Kim, CEO of the company, sees this as a revolutionary transformation in the world of large-cap core investments and harnessing AI’s potential for positive returns.

Previously, Qraft launched the QRAFT AI Enhanced U.S. Large Cap ETF (NYSEARCA: QRFT) and the QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (NYSEARCA: AMOM).

Related Story:  South Korean Electronics Giant LG Leverages AI For Fund Management Venture

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