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Benzinga
Benzinga
Business
Chandrima Sanyal

AI Does The Heavy Lifting: SumGrowth's New ETFs Aim To Time The Market For You

ETF
Etf,Exchange-traded,Funds,Investment,With,Investor,Building,A,Portfolio,Of

SumGrowth introduced two new ETFs on Oct. 16, under the brand AlphaDroid. The AlphaDroid Defensive Sector Rotation ETF (NASDAQ:EZRO) and the AlphaDroid Broad Markets Momentum ETF (NASDAQ:EZMO).

In contrast to conventional ETFs that generally follow a sector, factor, or market theme, AlphaDroid ETFs utilize proprietary tactical portfolio management systems that compare dozens of underlying ETFs monthly. The funds focus on automatically shifting between momentum leaders in bull markets and defensive leaders in periods of bear market indication.

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