eToro offers a new AI portfolio of 12 high-growth US companies in partnership with UK fintech company, Bridgeweave.
With fintech firm Bridgeweave, retail brokerage eToro has launched a new AI portfolio, InvestorAI-US, which exposes investors to 12 high-growth US companies.
The technology can identify high-growth stocks and analyze their historical performance to offer investors access to 12 stocks with solid capital structures, consistent annual growth, and favorable price momentum. The portfolio will be rebalanced monthly to ensure it meets these criteria.
The Israeli broker said that using AI to handle the ion process was able to give users exposure to a variety of high-growth companies that are less well-known to diversify their client portfolio. Moreover, the 12 stocks that made up the portfolio at the start boasted an average weighted market capitalization of over $18 billion.
Among the companies included in the portfolio include Array Technologies, Monster Beverage Corp., McDonald's, and Johnson&Johnson. However, eToro notes that the portfolio is unavailable to its US users.
Bruce Keith, CEO at Bridgeweave, added:
"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 previously exclusively available to institutional investors."