When the world’s largest investment manager decides to build AI powered ETFs, you know that artificial intelligence is now mainstream. With offices spread around the globe housing 13,000 employees, Blackrock (NYSE:BLK) has more than $6.2 trillion in assets under management. To put that number in perspective, all the of the world’s 2,397 billionaires have around $7.4 trillion. It’s safe to say that when Blackrock builds an investment product, they’ve done their homework.
iShares Evolved – AI Powered ETFs
About one-sixth of their Assets Under Management (AUM) can be found on Blackrock’s Exchange Traded Fund (ETF) platform, “iShares”, which offers over 800 products to institutions and individuals. In March of this year, iShares launched seven US sector ETFs using a new approach to sector classifications powered by artificial intelligence.
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