Malaysia-based robo-adviser ALGEBRA is set to use artificial intelligence to buy stocks on the S&P 500 which comply with Shariah law. between 20 and 50 stocks on the index meet the criteria. The firm will use software provided by California-based Maxsys AI to select Roughly 125 stocks for its portfolio. The process is a departure from the norm for most robo-advisers, which make use of ETFs rather than stock-picking to devise portfolios for clients.
Malaysia-based robo-adviser ALGEBRA is set to use artificial intelligence to buy stocks on the S&P 500 which comply with Shariah law. Roughly 125 stocks on the index meet the criteria. The firm will use software provided by California-based Maxsys AI to select between 20 and 50 stocks for its portfolio. The process is a departure from the norm for most robo-advisers, which make use of ETFs rather than stock-picking to devise portfolios for clients.