
VanEck launches AI fund tracking 150 stocks
- VanEck is launching Australia's first artificial intelligence-driven exchange traded fund by reindexing its global equity strategy.
- The fund's management fee will drop from 0.55% to 0.49% when the new model goes live.
- The automated system aims to deliver outperformance by dynamically analysing 1,200 international companies each month.
The VanEck Dynamic International Equity ETF will become Australia's first artificial intelligence stock-selecting fund on July 20.
The underlying index achieved a simulated annual return of 12.63% since 2005, outperforming the benchmark's 9.62%.
“The industrialisation of Alpha is underway, and it will be as consequential for asset management as indexing was in the 1970s,” said VanEck Asia Pacific CEO Arian Neiron.
The model tracks 1,200 companies monthly using 10,000 data signals to select 150 final international stock holdings.
The system continuously adapts to changing market conditions, and following the announcement, the VanEck Dynamic International Equity ETF share price was down at $25.57.
The company stated that this transition aims to bring institutional quant strategies directly to retail investors.
The issuer plans to introduce global semiconductor and rare earth funds to the Australian market later this month.