Do AI-powered mutual funds perform better?

被引：9
|
作者：
Chen, Rui [1 ]
Ren, Jinjuan [1 ]
机构：
[1] Univ Macau, Fac Business Adm, Ave Univ, Taipa, Macao, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2022年 / 47卷
关键词：
Artificial intelligence; Mutual fund performance; Behavioral biases; HEDGING DERIVATIVE SECURITIES; NEURAL-NETWORKS; TECHNICAL ANALYSIS; RULES;
D O I：
10.1016/j.frl.2021.102616
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
We evaluate the performance of artificial intelligence (AI)-powered mutual funds. We find that these funds do not outperform the market per se. However, a comparison shows that AI-powered funds significantly outperform their human-managed peer funds. We further show that the outperformance of AI funds is attributable to their lower transaction cost, superior stock-picking capability, and reduced behavioral biases.
引用
收藏
页数：7
相关论文
共 50 条
  • [31] Towards Effective AI-powered Agile Project Management
    Hoa Khanh Dam
    Truyen Tran
    Grundy, John
    Ghose, Aditya
    Kamei, Yasutaka
    2019 IEEE/ACM 41ST INTERNATIONAL CONFERENCE ON SOFTWARE ENGINEERING: NEW IDEAS AND EMERGING RESULTS (ICSE-NIER 2019), 2019, : 41 - 44
  • [32] Understanding and Designing for Trust in AI-Powered Developer Tooling
    Murillo, Ambar
    Elizondo, Alberto
    D'Angelo, Sarah
    Brown, Adam
    Kumar, Ugam
    Madison, Quinn
    Macvean, Andrew
    IEEE SOFTWARE, 2024, 41 (06) : 23 - 28
  • [33] AI-powered Collaborative Activities for Chinese Vocabulary Learning
    Guo, Xinyu
    Wen, Yun
    31ST INTERNATIONAL CONFERENCE ON COMPUTERS IN EDUCATION, ICCE 2023, VOL I, 2023, : 819 - 824
  • [34] AI-powered recommender systems and the preservation of personal autonomy
    del Valle, Juan Ignacio
    Lara, Francisco
    AI & SOCIETY, 2024, 39 (05) : 2479 - 2491
  • [35] AI-powered breakthroughs in material science and biomedical polymers
    Omidian, Hamid
    JOURNAL OF BIOACTIVE AND COMPATIBLE POLYMERS, 2025, 40 (02) : 161 - 174
  • [36] FootApp: An AI-powered system for football match annotation
    Silvio Barra
    Salvatore M. Carta
    Alessandro Giuliani
    Alessia Pisu
    Alessandro Sebastian Podda
    Daniele Riboni
    Multimedia Tools and Applications, 2023, 82 : 5547 - 5567
  • [37] Design & Development of an AI-Powered Baby Monitoring System
    Ravindran, Kajan
    Ibrahim, Mohamed
    Lee, Hyon
    Qureshi, Umar
    Hafeez, Khalid A.
    2021 IEEE CANADIAN CONFERENCE ON ELECTRICAL AND COMPUTER ENGINEERING (CCECE), 2021,
  • [38] AI-powered mechanisms as judges: Breaking ties in chess
    Anbarci, Nejat
    Ismail, Mehmet S.
    PLOS ONE, 2024, 19 (11):
  • [39] AI-powered exploration of molecular vibrations, phonons, and spectroscopy
    Han, Bowen
    Okabe, Ryotaro
    Chotrattanapituk, Abhijatmedhi
    Cheng, Mouyang
    Li, Mingda
    Cheng, Yongqiang
    DIGITAL DISCOVERY, 2025, 4 (03): : 584 - 624
  • [40] AI-Powered Laryngoscopy: Exploring the Future With Google Gemini
    Setzen, Sean A.
    Andreadis, Katerina
    Elemento, Olivier
    Rameau, Anais
    LARYNGOSCOPE, 2025,
12345