The Johannesburg Stock Exchange (JSE) is pleased to announce the listing of a groundbreaking machine learning Actively Managed Exchange Traded Fund, the Numoro Multi-Asset AMETF (AQUA). This new fund which is supported by robust algorithms is born from a partnership between financial solutions provider, Numoro and the Prescient financial management platform.
The portfolio invests in a flexible combination of investments in international equity, bonds, money, and property markets – with further increased adaptability through asset allocation between asset classes, countries, and regions.
"Our collaboration with Prescient on the Numoro AMETF represents a significant leap forward in the world of asset management," said Johann Kloppers, Founder and Managing Director at Numoro. "By integrating machine learning into our investment strategies and leveraging the expertise and infrastructure of Prescient, we are poised to offer our investors a truly innovative and dynamic solution."
The fund’s investment process is driven by the use of advanced algorithms that monitor and optimise allocation to asset classes. This helps to minimise draw-down volatility when needed and allows for increased portfolio volatility during favourable market conditions.
Integrating machine learning, the ETF can make data-driven investment decisions in real-time, while also optimising portfolio diversification, reducing risk, and enhancing potential returns for investors.
“The JSE is pleased to welcome the fifth AMETF on the exchange. The demand for this product has shown the vast interest and readiness of the market for it,” says Adèle Hattingh, Business Development & Exchange Traded Products Manager at the JSE. “As a tech driven exchange, we are thrilled to list an innovate product like the Numoro Multi-Asset AMETF which will provide wider portfolio options to investors.”
The Numoro Multi-Asset AMETF brings the number of AMETFs listed on the JSE to five with a total market cap exceeding R1.4 billion.