TORONTO, March 25, 2024 /CNW/ – Evolve Funds Group Inc. (“Evolve”) is pleased to announce the launch of Canada’s first Artificial Intelligence (“AI”) Fund using generative AI to enhance portfolio construction. The Evolve Artificial Intelligence Fund (“ARTI” or the “Fund”) has closed its initial offering of units and will begin trading on the Toronto Stock Exchange (“TSX”) today under the ticker symbol: ARTI.
ARTI is designed to provide investors with exposure to AI companies expected to benefit from the increased global adoption of AI. The Fund is actively-managed by Evolve and seeks to achieve its investment strategy by principally utilizing a database generated by Gradient Boosted Investments Inc. (“Boosted.ai”).
Boosted.ai’s proprietary large language model technology (“Proprietary LLM Technology“) determines a company’s applicability to the theme of AI based on its likelihood to benefit…
