Four years since inception, these AI-driven ETFs showcase the power of AI and its ability to deliver alpha
NEW YORK & SEOUL, South Korea–(BUSINESS WIRE)–Qraft Technologies, a leading invest-tech company developing artificial intelligence investment solutions backed by SoftBank, celebrates the four-year anniversary of the firm’s flagship funds: Qraft AI-Enhanced U.S. Large Cap Momentum ETF (NYSE: AMOM) and Qraft AI-Enhanced U.S. Large Cap ETF (NYSE: QRFT).
Qraft’s ETF products are actively managed by cutting-edge AI technology, with AMOM and QRFT being the firm’s first ETFs issued in May of 2019, making them one of only three funds utilizing AI in the investment process with a four year plus track record. Both funds’ strategies seek to deliver investors with optimized returns and agile market exposure directed by machine learning and AI. AMOM’s strategy seeks to provide exposure to U.S. large cap stocks demonstrating favorable momentum characteristics. QRFT seeks to provide exposure to U.S. large cap stocks with a focus on delivering above average alpha.
“While AI has dominated headlines and industry outlooks, there is still an exceptional amount of growth possible for these technologies,” says Marcus Kim, Founder and CEO of Qraft Technologies. “On their anniversary, our funds AMOM and QRFT have managed to outperform similar funds in the space due to the predictive power from Qraft’s propriety AI technology. As we move forward, we anticipate these funds and Qraft’s forthcoming products and solutions to be a leading force of AI in the financial sphere as we seek to deliver AI technology that helps meet investors’ portfolio goals.”
Both AMOM and QRFT have seen significant success in spite of continued market volatility, with AMOM and QRFT each enjoying a 10.50% and 8.11% return year to date as of May 31, 2023, and 11.81% and 13.52% annualized return since inception, respectively. As global headwinds have impacted investors and various market sectors, AI-led fund management has driven forward as a solution to the human biases and physical constraints that can negatively impact financial decision making. AI allows for an exponentially higher volume of data and market performance to be analyzed in real time to provide a balanced and strategic investment solution.
AMOM and QRFT are joined by two additional fund products: the Qraft AI-Enhanced U.S. Next Value ETF (NVQ) launched December 30th, 2020 and the QRAFT AI-Pilot U.S. Large Cap Dynamic Beta and Income ETF (NYSE: AIDB), which launched on May 24th, 2023.
To learn more about Qraft and their series of AI-powered ETFs visit: qraftaietf.com
About Qraft
Qraft is an invest-tech company pioneering the use of artificial intelligence (AI) in security selection and asset allocation. Founded in South Korea in 2016, Qraft uses AI techniques, including machine learning and deep learning, to advance the scope, scale, and speed of investment decision making, globally. In addition to four AI ETFs listed on the NYSE (tickers: QRFT, AMOM, NVQ, and AIDB), Qraft offers portfolio construction and model management solutions powered by AI that have been adopted by major financial institutions around the world.
Disclosure
Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized. For current month end standard performance, holdings, and expenses, visit www.qraftaietf.com/amom and www.qraftaietf.com/qrft.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call (855) 973-7880 or visit our website at www.qraftaietf.com. Read the prospectus or summary prospectus carefully before investing.
The Funds are distributed by Foreside Fund Services, LLC
Investing involves risk, including loss of principal. The Fund is subject to numerous risks including but not limited to: Equity Risk, Sector Risk, Large Cap Risk, Management Risk, and Trading Risk. The Fund relies heavily on a proprietary artificial intelligence selection model as well as data and information supplied by third parties that are utilized by such model. To the extent the model does not perform as designed or as intended, the Fund’s strategy may not be successfully implemented and the Fund may lose value. Additionally, the fund is non-diversified, which means that it may invest more of its assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified fund. As a result, each Fund may be more exposed to the risks associated with and developments affecting an individual issuer or a smaller number of issuers than a fund that invests more widely. A new or smaller fund’s performance may not represent how the fund is expected to or may perform in the long term if and when it becomes larger and has fully implemented its investment strategies. Read the prospectus for additional details regarding risks.
The Funds investments are susceptible to risks affecting the consumer discretionary, consumer staples, health care and information technology sectors.
Contacts
Media:
Klaudia Wierzbowska
Gregory FCA for Qraft AI ETFs
Email: klaudia@gregoryfca.com
Phone: 570-856-1360
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