eToro partners with Bridgeweave to launch AI portfolio comprising high-growth US stocks
Online broker eToro announced today the launch of InvestorAI-US, a portfolio offering exposure to high growth US companies developed in partnership with UK fintech Bridgeweave and powered by its unique AI technology.
Bridgeweave’s proprietary technology ‘InvestorAI’ has adapted computer vision technology used for cancer diagnosis to investing and now crunches over 800 million calculations every day to identify high-growth stocks and analyse their historical performance.
Bruce Keith, CEO at Bridgeweave said:
“Wealth management is being disrupted by changing demand from next-gen digital investors who will transform an underprepared industry. Partnering with eToro, we plan to be at the forefront of this change providing investors with access to the kind of technology and solutions that were previously exclusively available to institutional investors.”
The portfolio will be rebalanced every month with US stocks with a robust capital structure, consistent Year on Year sales growth, and exhibiting positive price momentum. With AI taking care of the selection process, users will gain exposure to an array of less known, high growth companies that support a diversified investment strategy. The 12 stocks making up the portfolio at inception boast an average weighted market cap of over USD$18 billion.
Dani Brinker, Head of Investment Portfolios at eToro concluded:
“Digitalisation has opened the financial markets to a new cohort of investors. To empower them to manage their portfolios in the smoothest way possible, it is key to continue delivering frictionless and automated, end-to-end solutions. We are looking forward to working with Bridgeweave to democratise access to financial information and analysis.”
eToro’s range of Smart Portfolios offer investors exposure to various market themes, such as Private Equity and REIT. Bundling together several assets under a defined methodology, and employing a passive investment approach, eToro’s Smart Portfolios are long-term investment solutions that offer diversified exposure with no management fees.
Initial investment starts from USD$500 and investors can access tools and charts to track the portfolio’s performance, while eToro’s social feed will keep them up-to-date on developments in the sector. For now, this portfolio is not available to US users.