This Week: First Trust/Bloomberg/New Constructs, Cboe/Metaurus, LTX/MultiLynq, and more
A summary of the latest financial technology news.
First Trust, Bloomberg plan ETF using AI-driven analysis from New Constructs
First Trust and Bloomberg have filed the prospectus for the New Constructs Core Earnings Leaders ETF. The new equities fund will be based on an AI-driven stock analysis process provided by investment research firm New Constructs.
David Trainer, CEO of New Constructs, says that the ETF will leverage “an AI that scans financial filings to produce a new, superior measure of earnings and valuation”. Crucially, the process
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