BNP Paribas and QuantumStreet AI have announced the launch of a proprietary new BNP Paribas Cross Asset Trend and AI Index in Brazil with global plans.
The BNP Paribas Cross Asset Trend and AI Index is designed to combine traditional trend-based investing techniques with the AI-powered approach of trend-following signals powered by QuantumStreet AI, which are designed to identify cues that might otherwise be missed to allow for the targeting of optimal allocations across global asset classes.
The strategy underpinning this Index captures a broad range of available information by leveraging both past data and forward-looking indicators via AI analysis.
QuantumStreet AI utilises IBM watsonx as the foundation for its generative AI platform
By incorporating BNP Paribas’ proprietary trend analysis, leveraging its indexing capabilities and QuantumStreet AI’s machine learning models for institutional investors, the index aims to provide a comprehensive view of cross-asset market trends, including equities, fixed income, and commodities and across geographies covering equities and bonds in the US, Europe and Japan.
The BNP Paribas Cross Asset Trend and AI Index will be used to provide the basis for global structured products being made available to BNP Paribas’ clients, offering investors a unique perspective and way to access market trends and emerging opportunities.
XP technology-driven platform and provider of financial products and services in Brazil, offers the BNP Paribas Cross Asset Trend and AI Index on its platform, providing investors with diversified financial products.
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By GlobalDataAdil El Batji, Head of Global Equities, Americas at BNP Paribas said: “BNP Paribas’ collaboration with QuantumStreet AI highlights the bank’s commitment to fostering innovation and exploring new avenues for enhancing investment strategies. This collaboration brings together the knowledge of two industry leaders to provide clients with cutting-edge quantitative investment solutions that leverage data-driven insights to optimise portfolio performance and transform the investment landscape.”
Chris Natividad and Subhra Tripathy, Principals at QuantumStreet AI added: “We are thrilled to be working with BNP Paribas on the introduction of this new Index. It is ever so important to identify and harness consistent sources of return within a systematic framework, and AI driven approaches provide a solid basis for that. We look forward to strengthening our relationship and serving the bank’s global client base.”