Jim Rogers Meets AI With New ETF
The recently launched Rogers AI Global Macro ETF (BIKR) comes with the imprimatur of veteran commodities and equities investor Jim Rogers, who is chairman of Ocean Capital Advisors LLC, a Washington, D.C.-based investment management firm that devised the fund’s underlying index aiming to provide an “optimally weighted” global portfolio consisting mainly of single-country ETFs.
The index is weighted based on a proprietary artificial intelligence-driven algorithm that analyzes macroeconomic data monthly to identify changing market conditions in individual countries and across the global economy. The model seeks to calculate and incorporate both long-term trends and short-term cycles to make investment allocations in mainly single-country ETFs. When the model says it’s time to ease up on equities, the fund will allocate to an ETF that tracks one- to three-year U.S. Treasurys. The overwhelming majority of the fund’s 40 holdings are single-country iShares ETFs, along with a few single-country funds from Global X.
BIKR’s management fee is 0.75%, and the average weighted cost of owning the ETFs in the portfolio is 43 basis points. Together, these fees make up the fund's total operating expense of 1.18%.
Global X Expands Thematic ETF Lineup With AI/Analytics/Big Data Fund
Global X has expanded its suite of thematic-technology ETFs with the Global X Future Analytics Tech ETF (AIQ), an index-tracking fund composed of companies that produce vast amounts of data and develop proprietary AI systems to derive actionable insights from that data. AIQ also features companies that offer AI as a Service (AIaaS) for big data analytics, and develop hardware that’s key to powering AI systems such as quantum computing.
The fund’s investment thesis is that artificial intelligence and big data are converging as complementary technology themes that allow companies to extract useful information from large and complex data sets. The proliferation of big data means greater need for artificial intelligence technology, which incentivizes companies to develop those capabilities. AIQ’s expense ratio is 0.68%.
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