Qraft Technologies Celebrates 4-Year Anniversary of Flagship ETFs AMOM and QRFT
June 13 2023 - 9:22AM
Business Wire
Four years since inception, these AI-driven
ETFs showcase the power of AI and its ability to deliver alpha
Qraft Technologies, a leading invest-tech company developing
artificial intelligence investment solutions backed by SoftBank,
celebrates the four-year anniversary of the firm’s flagship funds:
Qraft AI-Enhanced U.S. Large Cap Momentum ETF (NYSE: AMOM) and
Qraft AI-Enhanced U.S. Large Cap ETF (NYSE: QRFT).
Qraft’s ETF products are actively managed by cutting-edge AI
technology, with AMOM and QRFT being the firm’s first ETFs issued
in May of 2019, making them one of only three funds utilizing AI in
the investment process with a four year plus track record. Both
funds’ strategies seek to deliver investors with optimized returns
and agile market exposure directed by machine learning and AI.
AMOM’s strategy seeks to provide exposure to U.S. large cap stocks
demonstrating favorable momentum characteristics. QRFT seeks to
provide exposure to U.S. large cap stocks with a focus on
delivering above average alpha.
“While AI has dominated headlines and industry outlooks, there
is still an exceptional amount of growth possible for these
technologies,” says Marcus Kim, Founder and CEO of Qraft
Technologies. “On their anniversary, our funds AMOM and QRFT have
managed to outperform similar funds in the space due to the
predictive power from Qraft’s propriety AI technology. As we move
forward, we anticipate these funds and Qraft’s forthcoming products
and solutions to be a leading force of AI in the financial sphere
as we seek to deliver AI technology that helps meet investors’
portfolio goals.”
Both AMOM and QRFT have seen significant success in spite of
continued market volatility, with AMOM and QRFT each enjoying a
10.50% and 8.11% return year to date as of May 31, 2023, and 11.81%
and 13.52% annualized return since inception, respectively. As
global headwinds have impacted investors and various market
sectors, AI-led fund management has driven forward as a solution to
the human biases and physical constraints that can negatively
impact financial decision making. AI allows for an exponentially
higher volume of data and market performance to be analyzed in real
time to provide a balanced and strategic investment solution.
AMOM and QRFT are joined by two additional fund products: the
Qraft AI-Enhanced U.S. Next Value ETF (NVQ) launched December 30th,
2020 and the QRAFT AI-Pilot U.S. Large Cap Dynamic Beta and Income
ETF (NYSE: AIDB), which launched on May 24th, 2023.
To learn more about Qraft and their series of AI-powered ETFs
visit: qraftaietf.com
About Qraft
Qraft is an invest-tech company pioneering the use of artificial
intelligence (AI) in security selection and asset allocation.
Founded in South Korea in 2016, Qraft uses AI techniques, including
machine learning and deep learning, to advance the scope, scale,
and speed of investment decision making, globally. In addition to
four AI ETFs listed on the NYSE (tickers: QRFT, AMOM, NVQ, and
AIDB), Qraft offers portfolio construction and model management
solutions powered by AI that have been adopted by major financial
institutions around the world.
Disclosure
Performance data quoted represents past performance and is no
guarantee of future results. Current performance may be lower or
higher than the performance data quoted. Investment return and
principal value will fluctuate so that an investor’s shares, when
redeemed, may be worth more or less than original cost. Returns
less than one year are not annualized. For current month end
standard performance, holdings, and expenses, visit
www.qraftaietf.com/amom and www.qraftaietf.com/qrft.
Investors should consider the investment objectives, risks,
charges and expenses carefully before investing. For a prospectus
or summary prospectus with this and other information about the
Fund, please call (855) 973-7880 or visit our website at
www.qraftaietf.com. Read the prospectus or summary prospectus
carefully before investing.
The Funds are distributed by Foreside Fund Services, LLC
Investing involves risk, including loss of principal. The Fund
is subject to numerous risks including but not limited to: Equity
Risk, Sector Risk, Large Cap Risk, Management Risk, and Trading
Risk. The Fund relies heavily on a proprietary artificial
intelligence selection model as well as data and information
supplied by third parties that are utilized by such model. To the
extent the model does not perform as designed or as intended, the
Fund’s strategy may not be successfully implemented and the Fund
may lose value. Additionally, the fund is non-diversified, which
means that it may invest more of its assets in the securities of a
single issuer or a smaller number of issuers than if it were a
diversified fund. As a result, each Fund may be more exposed to the
risks associated with and developments affecting an individual
issuer or a smaller number of issuers than a fund that invests
more widely. A new or smaller fund’s performance may not represent
how the fund is expected to or may perform in the long term if and
when it becomes larger and has fully implemented its investment
strategies. Read the prospectus for additional details regarding
risks.
The Funds investments are susceptible to risks affecting the
consumer discretionary, consumer staples, health care and
information technology sectors.
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version on businesswire.com: https://www.businesswire.com/news/home/20230613816550/en/
Media: Klaudia Wierzbowska Gregory FCA for Qraft AI ETFs
Email: klaudia@gregoryfca.com Phone: 570-856-1360
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