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AIEQ / AIEQ: Don't Be A Beta Tester, Avoid This Poor-Performing AI-Powered ETF

AIEQ: Don't Be A Beta Tester, Avoid This Poor-Performing AI-Powered ETF
The AI Powered Equity ETF has underperformed against all major market segments since its launch in 2017. To demonstrate, this article compares AIEQ's annual returns against nine passive alternatives. AIEQ's investment objective is to select stocks with a high probability of outperforming over the next twelve months. However, in the last year, its portfolio turnover rate skyrocketed to 1,700%. This feature is not a mark of confidence. Substantial changes are routine, and AIEQ does not consider ultra-concentration in any particular industry problematic. Semiconductors total 30% of today's portfolio. Read More
Posted: May 30 2023, 07:08
Author Name: Seeking Alpha
Views: 081714

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