Qraft AI ETFs, a Korean-based AI ETF manager, is challenging traditional active managers in a big way. Qraft’s 100% AI managed solution offers investors low-cost, active exposure to U.S. large cap stocks, without sacrificing performance. Qraft’s momentum ETF, AMOM is up roughly 80% since April 2020, significantly outperforming the S&P 500 which is up roughly 50% since April 2020.
The Qraft AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) seeks to capitalize on the movement of market trends by actively selecting 50 large cap stocks with the highest price momentum and returns. AMOM has recently made waves for its skillful timing of Telsa stock purchases and selloffs. The fund sold off all TSLA shares in August 2020, right before the stock dropped more than 20% over the next few months. In November of 2020, AMOM reinvested in TSLA and held onto it for the three months as the stock rebounded nearly 7%. Qraft’s current lineup of actively managed ETFs includes:
- QRFT AI-Enhanced U.S. Large Cap ETF
- AMOM AI-Enhanced U.S. Large Cap Momentum ETF
- HDIV AI-Enhanced U.S. High Dividend ETF
- NVQ AI-Enhanced U.S. Next Value ETF
Traditionally, delivering alpha is an expensive, time consuming process. Qraft’s AI ETFs, powered by innovative AI technology, aims to solve for those inefficiencies by streamlining complex functions and processing large amounts of data. This concept, a modern spin on working smarter not harder, could ultimately reinvent the way we view investing. To learn more, head here.