Israel's FINQ launches US ETFs managed solely by AI

Israel fund manager FINQ said on Tuesday it was entering the U.S. Exchange-Traded ​Funds market with two funds that will be solely managed by artificial ‌intelligence, a nascent sub-sector where so far AI has only been used as a supporting tool. Portfolio decisions will ‌be fully selected and managed by FINQ's AI model, with human involvement focused only on oversight and governance, it said. It added that its AIUP and AINT U.S. large-cap equity ETFs were the first such funds to be approved by the Securities and Exchange Commission.