Qraft Technologies Announces its AI Technology will Power FSITC’s First Financial Quantitative Japan Fund
September 01 2024 - 9:00PM
Business Wire
AI-Powered Fund is Designed to Capture
Long-Term Growth Opportunities in the Japanese Market
Qraft Technologies, a leading invest-tech company developing
artificial intelligence solutions, announced that First Securities
Investment Trust Co., Ltd. (FSITC) has newly launched the First
Financial Quantitative Japan Fund powered by Qraft’s AI models. The
AI deployment is a result of the business partnership formed
between Qraft and FSITC earlier this year, aimed at setting new
benchmarks in investment management by employing sophisticated
quantitative strategies that enhance stock selection and risk
management.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240901594818/en/
From left to right: Chris Liao (General
Manager of First Financial Investment Trust), Shinozaki Yuichiro
(Managing Director of SoftBank Group), Rose Kao (Portfolio Manager
of FSITC), Lily Huang (Portfolio Manager of FSITC), Simon Lee
(Managing Director of Qraft Technologies) (Photo: Business
Wire)
The fund leverages Qraft’s technology to offer investors a
unique opportunity to access the Japanese equity market at a time
when stock valuations have become attractive. In teaming with
FSITC, Qraft’s AI models were specifically designed to address the
fund’s investment mandate to navigate the Japanese market and to
identify undervalued stocks while also managing risk
effectively.
"The launch of the First Financial Quantitative Japan Fund is a
natural extension of our commitment to bringing AI-driven financial
solutions to the forefront of the asset management industry," said
Marcus Kim, CEO of Qraft Technologies. "These particular AI models
are designed to capitalize on current market conditions in Japan,
identifying opportunities where traditional analysis might fall
short. We are excited to provide investors with a powerful tool for
long-term growth."
As Japan continues to strengthen its position in the global tech
landscape, particularly in semiconductors and data centers, global
large cap technology companies are expanding their presence in the
country and contributing to its economic growth. The First
Financial Quantitative Japan Fund aims to tap into these
opportunities by focusing on sectors that are set to benefit from
these developments.
Yao Zhao-wen, Chairman of FSITC (First Securities Investment
Trust Co.), expressed his optimism by stating that the
collaboration with Qraft Technologies goes beyond just AI-themed
investments and positions them as a leading player in the local
fund industry.
About Qraft Technologies
Qraft Technologies is a fintech company driving innovation in
the asset management industry through its AI-powered investment
solutions. Qraft’s suite of tools includes a security selection
engine, asset allocation engine, and AI order-execution system,
which have been adopted by leading financial institutions
worldwide. In 2022, Qraft secured a US$146 million investment from
SoftBank Group, solidifying its role as a leader in AI-driven
finance.
About First Securities Investment Trust Co., Ltd.
(FSITC)
First Securities Investment Trust Co., Ltd. (FSITC) is a
pioneering asset management firm in Taiwan, known for its
innovation in AI-themed funds and quantitative investment
strategies. Established in 1986, FSITC manages assets totaling NTD
$131.13 billion (approximately USD 4.18 billion) as of July 2024,
with a strong focus on delivering high-quality portfolio management
services through cutting-edge technology.
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version on businesswire.com: https://www.businesswire.com/news/home/20240901594818/en/
Media Contact: Bernardo Soriano Gregory FCA for Qraft
Technologies Email: bernardo@gregoryfca.com Phone: 914-656-3880