PITTSBURGH--(BUSINESS WIRE)--StockSnips, a leader in AI-powered investment solutions, has been named the ‘Most Innovative ETF Company’ at the prestigious 2024 Benzinga Global Fintech Awards. This recognition highlights StockSnips' groundbreaking work in ETF construction and management through the integration of Artificial Intelligence.
The award, presented at Benzinga's 10th annual event held at Convene Brookfield Place in New York City, celebrates the companies driving the future of financial technology. StockSnips’ innovative approach to ETF management stood out among a competitive field for its ability to leverage cutting-edge AI and Natural Language Processing (NLP) to build sentiment-based investment strategies that are adaptive to changing market conditions.
“This recognition is a testament to our mission of empowering investors with active AI-powered solutions that are typically not available to advisors and retail investors,” said Ravi Koka, Founder and CEO of StockSnips. “At StockSnips, we believe the future of investing lies in harnessing technology to make informed, systematic, and efficient decisions. Winning the ‘Most Innovative ETF Company’ award reaffirms the impact of our work and inspires us to continue pushing the boundaries of innovation in the financial industry.”
Revolutionizing ETFs with AI
StockSnips is the creator of the newly launched NEWZ ETF, which is an actively managed ETF designed to help investors navigate the overwhelming surge of news and information using Artificial Intelligence and Machine Learning. NEWZ distinguishes itself by systematically selecting US Large, Mid, and Small Cap equities that are trending in StockSnips proprietary News Media Sentiment, a proxy for investor sentiment that aims to capture individual equities growth potential before it’s fully recognized by the market.
"We’re experiencing strong adoption and interest from independent RIAs, driven by both the innovative methodology behind our approach and the uncorrelated holdings of our ETF compared to traditional passive index funds like the S&P 500," said Rebecca Wilde, Managing Director. "Our strategy offers advisors a highly attractive sleeve to complement core portfolios while equipping them with a distinctive story to engage with both new and existing clients."
About StockSnips
Founded by leading AI & Data Science experts, StockSnips, headquartered in Pittsburgh, is an SEC registered Investment Advisor providing active, AI-powered portfolios & ETFs to serve the emerging needs of investors by leveraging AI in portfolio construction and management.
About the Benzinga Global Fintech Awards
The Benzinga Global Fintech Awards celebrate the companies and individuals driving innovation in financial technology. Now in its 10th year, the event honors leaders across over 25 categories, recognizing those shaping the future of finance.
For more information about StockSnips and the NEWZ ETF, please visit https://stocksnipsetfs.ai/
Important Information
The Fund's investment objective, risks, charges and expenses must be considered prior to investing.
Click here for the NEWZ Prospectus and Summary Prospectus. A free hardcopy of any prospectus may be obtained by calling +1.215.882.9983 or visiting https://stocksnipsetfs.ai/. Read carefully before investing.
Investments involve risk. Principal loss is possible. Redemptions are limited and often commissions are charged on each trade. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value.
Principal risks of investing in the Fund include: AI Model Risk, Foreign Securities Risk, Risk of Investing in Other ETFs, New Fund Risk, Machine Learning Risk, Risk of Investing in the U.S., ADR Risk, Investment Risk, Equity Investing Risk, Management Risk, High Portfolio Turnover Risk, and Geopolitical/Natural Disaster Risk. For more detailed information about risks inherent in investing in the Fund, please review the Prospectus.
The Fund is distributed by Quasar Distributors, LLC.
