Mirae Asset Global Investments announced on the 18th that its U.S. ETF management subsidiary, Global X, and its AI-specialized affiliate, Wealthspot, have collaborated to launch the group's first AI-driven product, the "Global X Investment Grade Corporate Bond ETF (GXIG)."
GXIG selects and invests in attractive securities based on analyses conducted by artificial intelligence (AI) models. This ETF constructs its investment universe by sector, credit rating, and maturity, referencing the "Bloomberg U.S. Corporate Bond Index."
The U.S. corporate bond market is vast in scale, highly liquid, and dominated by institutional investors in price formation, making it suitable for the application of AI models. However, AI model-based management strategies are not yet widespread in the ETF market, so GXIG is expected to serve as a new turning point and become a "killer product" in the market.
GXIG utilizes a composite model to select its investment targets. The first model is a factor investing model based on traditional and systematic principles. Similar to the selection of high-quality stocks, it identifies investment-grade corporate bonds through decades of accumulated fundamental financial analysis and macroeconomic environment assessments. The second model leverages AI to provide new investment perspectives and capture complex interactions that traditional models may overlook. The AI models available to GXIG are designed so that the technology and algorithms can independently identify relationships among key variables and learn contextual information.
As an active ETF, GXIG can flexibly adjust sector allocation, duration, and credit rating distribution in response to changing market conditions. This enables the ETF to proactively capture investment opportunities and respond to risks even during periods of heightened interest rate volatility and market uncertainty. In addition, for atypical risks that AI models may find difficult to detect?such as special market events, unique variables, or corporate headline issues?GXIG incorporates the judgment of its portfolio managers, seeking a balance between data-driven insights and tactical flexibility.
Lee Junyong, Vice Chairman of Mirae Asset Global Investments, stated, "Mirae Asset Global Investments has focused on developing competitive products that bring unprecedented innovation to the market," adding, "In particular, we have thoroughly prepared for the global market for several years to lead the AI finance business."
He continued, "GXIG is expected not only to bring new changes to the ETF market based on AI models and the experience and expertise of our portfolio managers, but also to serve as a crucial stepping stone for the next leap forward in Mirae Asset's AI business."
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