Horizons ETFs appoints Castle Ridge Asset Management as replacement sub-adviser for AI ETF
Horizons ETFs Management has appointed Castle Ridge Asset Management Limited (Castle Ridge) as the sub-adviser for the Horizons Active AI Global Equity ETF ("MIND"), which trades on the Toronto Stock Exchange under the ticker symbol MIND.
MIND is the first global equity-focused exchange traded fund (ETF) in the world to use artificial intelligence (AI) for all security selection decisions.
MIND seeks to achieve long-term equity returns through investments in major global equity indices using a basket of primarily North American-listed ETFs. MIND allocates its equity index exposure using a proprietary artificial intelligence selection process that extracts patterns by analysing market data.