Q: Hi,
EVO is an etf recently launched which uses AI as a modelling strategy. Management charges 0.73%.
Can you tell us more about the team behind this etf and their track record as well as your thoughts on using their modelling using AI.
Thanks
EVO is an etf recently launched which uses AI as a modelling strategy. Management charges 0.73%.
Can you tell us more about the team behind this etf and their track record as well as your thoughts on using their modelling using AI.
Thanks
5i Research Answer:
We do not know the team that well, and the company has a relatively short history. The 'strategy' has had decent returns, and has beaten its benchmark. Its tiny loss in 2022 was impressive considering the equity market downturn that year. It is up 11.8% this year but shows an April return already which makes us question things a bit. But the ETF has only been in existence since March 28 and hasn't moved much since then. AI is a big buzzword of course these days, but the firm's fund has done a good job, and we need to see if it can replicate this in an ETF format. It is far too small to recommend currently (less than $1M). But one to watch.