ETF Express Newsletter 12.07.24

M’AI I help you?

This week saw Fiona Nicolson talking to Weldon Rice, head of AI ETFs at Qraft Technologies about how AI works with their approach to investing. In the latest rebalancing report for LQAI, the firm’s LG-QRAFT AI-Powered U.S. Large Cap Core ETF, the algorithm showed increased conviction in the IT, communications-services and consumer-discretionary sectors. It highlighted Nvidia, Apple and Advanced Micro Devices (AMD) as its top stock picks.
Rice says: "The IT sector was chosen due to its ability to navigate significant geopolitical and supply-chain challenges while capitalising on burgeoning opportunities in AI technology."
We also have an In My Opinion column this week from Tim Lowe of Attestant who breaks down the crucial differences between bitcoin and Ethereum, both of which increasingly feature in global ETPs. Lowe writes: "On the surface bitcoin and Ether are very similar assets currently with a high degree of price correlation. There are however distinct differences that may, in the longer term, cause a divergence in their price. Ethereum has the potential for a big increase in adoption across a wide variety of sectors whilst the narrative around bitcoin as a store of value and hedge against inflation is growing. Diversification across both assets maybe the best strategy."
Crypto news from Fineqia International, LIAN Group and Nickel Digital Asset Management predicted enormous crypto growth through the popularity of the new crypto ETFs worldwide. Fineqia’s study revealed that digital asset based ETP assets are 77 per cent ahead in this year.

Beverly Chandler, Managing Editor
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