Exchange Traded Concepts, LLC (“ETC”), a leader in providing white-label Exchange Traded Fund (ETF) solutions, in conjunction with Qraft Technologies, announced that it has launched a new ETF as part of the Qraft family of funds, The Qraft AI Enhanced U.S. High Dividend ETF.
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The Qraft AI Enhanced U.S. High Dividend ETF is an actively-managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing in dividend paying securities of U.S.-listed companies. The Fund’s adviser, Exchange Traded Concepts, LLC , uses an investment process based on a proprietary artificial intelligence security selection process that extracts patterns from analyzing data developed by QRAFT Technologies, Inc.
“We have been working together with ETC in efforts to improve the performance of traditional quantitative investment strategies by applying AI technologies. As our system is ready to compete in the heart of the global financial market, we feel happy but also feel a sense of responsibility for proving AI’s capabilities in the world of investing. In the future, we expect AI enhanced products have the potential to become substitutes for broad market indices if we prove it with our technologies. I would like to thank everyone at Qraft and ETC for their hard work,” said Hyung-Sik Kim, CEO and co-founder of Qraft Technologies.
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“We are thrilled to be working with the Qraft Technologies team to bring this timely and innovative fund to market,” said J. Garrett Stevens, CEO of Exchange Traded Concepts. “These funds are actively managed by the AI system AQUA which was developed by Qraft Technologies. Great colleagues and great ideas are the true drivers of ETF success,” continued Stevens. “We’re very pleased to add HDIV to our growing list of partners and innovative ETF solutions.”
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