M&G has partnered with financial technology firm Level E Research to develop a range of artificial intelligence (AI) investment strategies.
Each offering will be focused on regional equity markets, supported by an initial £100m investment. The solutions will utilise AI to crunch data in order to find investment opportunities.
The first strategy, AI Smart US, has launched with the objective of outperforming the S&P 500.
David Montgomery (pictured), managing director at M&G Wealth, said: “We want to offer a wide range of investment choice at great value to financial advisers and clients. Unquestionably, AI solutions are becoming an increasing factor in construction of bespoke investment options and, as with any digitisation, helps to lower costs.
“We are delighted to partner with Level E Research and look forward to the launch of these investment strategies and all future developments.”
Based in Edinburgh, Level E uses an approach labelled ‘co-creation’ which enables institutional investors to build bespoke AI-driven strategies. The solutions will be run on the firm’s in-house platform.
Sonia Schulenburg, CEO of Level E Research, added: “Today, we are excited to announce a transformational milestone for Level E Research as we partner with M&G. With over two decades of research and development behind us we now begin the next stage of our journey as we grow and scale alongside the largest and most established investment managers in the world.”
“Level E Research is now perfectly placed to provide AI solutions that empower the investment industry in the UK and beyond.”
