Mirae Asset Global Investments Co. said on Thursday that it has launched its first artificial intelligence (AI)-powered product in collaboration with Global X, its exchange-traded fund (ETF) subsidiary in the United States, and Wealthspot, an AI investment solutions provider.

The product – the Global X Investment Grade Corporate Bond ETF (GXIG) – selects attractive securities based on analyses performed by an AI model. It is benchmarked to the Bloomberg U.S. Corporate Bond Index.

AI-driven investment strategies are still not widely adopted in the ETF market. Mirae Asset expected this product to serve as a market turning point.

To select investment targets, the ETF employs a complex model. It not only identifies high-quality corporate bonds based on traditional, systematic principles, but also uses AI to uncover intricate interactions and new investment insights that conventional models may miss.

For unstructured risks that AI models may struggle to detect, the judgment of human portfolio managers is incorporated, aiming to strike a balance between data-driven insights and tactical flexibility.

“GXIG will not only bring new change to the ETF market through a combination of AI models and portfolio managers’ expertise but also serve as a crucial stepping stone for the advancement of Mirae Asset’s AI business,” said Lee Jun-yong, vice chairman of Mirae Asset Global Investments.

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