Bridgewise will analyse the 1,000 biggest companies on the eToro platform by market cap and rank them based on predictors of future performance – including quarterly filings, earnings calls and analyst research. The portfolio will then prioritise stocks which show the most promising potential.
It’s the latest example yet of how so-called ‘robo-investing’ – or using artificial intelligence to predict share performance – could overhaul wealth management and make investing even more accessible, following several decades of platforms like eToro democratising stocks, shares and commodities.
Indeed, Fundamental-AI is just the latest addition to eToro’s existing offering of AI-themed portfolios and the first to implement fundamental analysis at scale. It will be composed of 40 stocks across various industries and geographies, rebalanced on a monthly basis, the company says in a statement released today.
eToro and Bridgewise hail ‘game-changing tech’
“Fundamental analysis serves as the cornerstone of stock evaluation and has traditionally been time-consuming for individual investors. However, AI changes the game as it can quickly handle vast amounts of data from anywhere in the world, in any language,” says Dani Brinker, Head of Investment Portfolios at eToro.
“By providing our users with a portfolio that embraces both short and long positions, we aim to offer an investment approach that provides the flexibility to adapt to changing market conditions and potentially generate returns regardless of whether prices are rising or falling. We are looking forward to leveraging Bridgewise’s insights to shape the monthly allocation.”
Gaby Diamant, CEO and Co-Founder at Bridgewise, adds: “Analysing data with AI has the potential to offer more diversified opportunities to traditional stock picking. We are excited to put our proprietary technology to use and give eToro access to machine learning models to help process enormous amounts of market information. Partnering with eToro, we are excited to be at the forefront of helping investors of all levels to benefit from this innovative, game-changing technology.”
Please also take a look at our upcoming virtual event, FinTech LIVE London, coming on 8-9 November 2023.
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