QRFT Reaches an All-time High.
(This is an English Translation of an Article in Maeil Business Dalily News in Korea)
QRFT achieves a total return of 101.45%
Image source: Qraft Technologies AI ETF website
Performance is historical and does not guarantee future results. Current performance may be lower or higher than quoted. Investment returns and principal value of an investment will fluctuate so that an investor s shares, when redeemed, may be worth more or less than their original cost. Most recent standardized and month end performance can be found here: www.qraftaietf.com/qrft.
Qraft Technologies was launched in 2016 and has been creating investment strategies utilizing the predictive power of artificial intelligence models for the past 7 years. In 2019, it listed the Qraft AI-Enhance U.S. Large-Cap ETF (Ticker: QRFT) on the New York Stock Exchange, seeking to demonstrate that "artificial intelligence" could potentially manage investments better than the conventional "fund managers." Looking at the performance since its listing, QRFT has achieved a cumulative excess return of over 11% compared to SPY, and as of February 15th, it has recorded a return rate of 101.45% reaching an all-time high.
According to the SPIVA Scorecard, which evaluates whether fund managers generate excess returns compared to benchmarks, during a five-year period, only 13% of fund managers have achieved excess returns compared to their benchmarks. QRFT has the potential to be among the 13% that outperformed the broader market when it reaches its five year anniversary in May 2024.
In fact, QRFT became the world's first AI fund to receive the highest rating of "five stars" from Morningstar, the largest fund rating agency in the United States. Qraft’s researchers anticipate excellent performance from the AI model as they are consistently refining their capability analyze financial market data even in highly volatile markets this year. Indeed, since early 2024, QRFT has been delivering higher performance than the S&P 500.
Qraft Technologies: The Unrivaled Leader in the Domestic Financial AI Utilization
Initially, AI was only applied to limited areas such as robo-advisors. However, AI now encompasses various asset classes and can process a wider range of data, including information obtained through Natural Language Processing (NLP) technology. Qraft has utilized this to expand its scope to hedge fund like strategies, including long-short as well as short-term strategies.
Currently, Qraft is focused on developing technology that utilizes AI to extract patterns and alpha factors from a vast amount of financial data. Leveraging its expertise Qraft supplies AI investment solutions to domestic and global financial institutions. In the United States, it supplies its AI models to Registered Investment Advisers (RIAs), while providing solutions to Hana Bank, Shinhan Bank, KEB Hana UBS Asset Management, Eugene Asset Management, Hana Life, and other financial institutions domestically. In November 2023, Qraft has newly launched an AI ETF in collaboration with LG AI Research Institute. Concurrently, the AI engine provided to Hana Life's variable funds has been recognized for its performance, ranking second among AI funds worldwide in terms of Assets Under Management (AUM), and is opening new doors in the financial industry.
While humans tend to be reluctant to change their initial decisions, AI executes buy and sell orders without hesitation when abnormal signals occur. This leads an infinite number of products tailored to investment preferences, bridge the information gap between institutions and individual investors. From this perspective, AI investment products, including QRFT, have shown successful results.