The UK bank has rolled out the market’s first equity index family to use artificial intelligence (AI) as a method of equity investing.
The AI Powered US Equity Index (AiPEX) was developed by investment technology platform EquBot. It is the first of its kind to incorporate AI with crediting strategies within fixed index annuities, offering 100% equity exposure. AiPEX is a risk controlled, excess return index and uses IBM Watson’s AI capabilities to turn data into investment insight. It consists of approximately 250 publicly-traded companies in the US, selected monthly and is based on a three-step equity selection process.
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