Bringing you live news and features since 2006 

Veteran investor Jim Rogers launches AI Global Macro ETF of ETFs

RELATED TOPICS​

Ocean Capital Advisors LLC, in partnership with ETF Managers Group (ETFMG), has launched the Rogers AI Global Macro ETF (NYSE Arca: BIKR), a global macro ETF of ETFs.

BIKR seeks to provide investors with an optimally weighted global portfolio – holding primarily single-country ETFs – based on macroeconomic factors by leveraging the capabilities of AI and the multi-decade expertise of investment biker Jim Rogers (pictured) to find, track and project leading economic indicators.
 
The firm writes that this is the first passive artificial intelligence backed ETF that uses AI to determine every investment decision and reveal the specific processes behind each decision. 
 
BIKR’s goal is to achieve long-term capital gain with an emphasis on capital preservation while outperforming recognised global large and mid-cap equity indexes. The Fund will seek to achieve its investment objective by investing primarily in global equity markets.
 
“ETFs provide effective building blocks for a top-down approach, as there is an ETF that offers convenient access and enhanced liquidity to almost every emerging country,” says Manuel Fajardo, Chief Investment Officer of Ocean Capital Advisors. “This allows us to focus on the optimally allocated global portfolio through greater insight on macroeconomic indicators by including the unique perspective of Rogers, made evident over his distinguished career, via the use of the artificial intelligence immense processing and analytical ability.”
 
“The internet and artificial intelligence are changing and have changed everything we know including finance and investing; Ocean’s new ETF is part of the same trend,” says Jim Rogers, who serves as Ocean’s Chairman. “I hope we get it right. We will all be extremely pleased someday if we do.”
 
The Fund’s investments are expected to consist principally of US listed single-country ETFs. The AI analyses differential periods of volatility seeking indications of a probable shift in market direction. It then calculates the magnitude and probability of this variance utilizing its strategy based upon macroeconomic analysis. The weighting decision, determined by AI, is calculated by the cost of opportunity of exiting the equity position compared to maintaining it, depending on the magnitude of the expected change.
 
“BIKR: AI meets Jim Rogers, rock star investor,” says Sam Masucci, Founder and CEO of ETFMG. “Artificial intelligence is constantly evolving and changing the asset management space, and a product like BIKR satisfies growing investor needs. We continue to meet the demands of an ever-changing investor market, and with the launch of BIKR, ETFMG brings yet another first of its kind ETF product to light.”

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
ETFs
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by