HSBC has launched its first structured product that utilises an artificial intelligence engine to optimise asset allocation. The British-based bank has announced that private clients in Asia can now invest in the product called AiGO8, which is linked to a multi-asset index driven by AI.
Developed in collaboration with EquBot, the rules-based investment strategy uses IBM Watson’s AI engine and other technologies to transform data into investment insights and utilises forecasting techniques to optimise asset allocation.
The product offers exposure to 18 different asset types including global equities, fixed income, inflation-sensitive assets, and cash, and is available to the bank’s private banking clients accredited as professional investors in Hong Kong or accredited investors in Singapore. The portfolio is rebalanced weekly.
Pan Finance is a print journal and news website providing worldwide intelligence on finance, economics and global commerce. Known for our in-depth analysis and opinion pieces from esteemed academics and celebrated professionals; our readership consists of senior decision makers from across the globe.