AI ETFs, developed by Qraft, is drawing attention from local media.

A Korean fintech company listed on the NYSE took part in an event to announce the closure of the New York Stock Exchange, drawing attention from local media. This is the first time that an artificial intelligence fund has been exported to the U.S., the financial home of the country. Experts on Wall Street in New York are also watching to see how much AI will do in the fund manager field.

minju LeeComment
Taegukgi was hung on the outside wall of the NYSE.

On the 11th, Taegukgi, the national flag of Korea was hung on the outside wall of the NYSE. The executives from Qraft Technologies, Seoul-based AI FinTe ㄴch startup, took part as the main character of "Closing Bell Ceremony", an event that shuts down the stock market. Two AI ETFs developed by Qraft were recently listed on NYSE.

minju LeeComment
South Korean firm launches AI ETFs

Beverly Chandler conducts a Q&A interview with South Korea’s Qraft Technologies, led by CEO Hyungsik Kim. Here are some questions.

  • How did you start your ETF?

  • What is it about the AI sector that you like?

  • What does if offer investors?

  • How do you do your research?

  • What is your target audience?

  • Do you have other ETFs?

minju LeeComment
The AI ​​ETF developed by a three-years-old start-up company is listed on the New York Stock Exchange for the first time in Korea.

Qraft Technologies has been targeting the global market from the ETF preparation stage. Kim Hyung-sik, CEO of Qraft said, "It took about a year for Korea to negotiate with the US-based management company and pass the regulation." and also he said, "We believe the market growth potential is high cause the regulatory authorities and investors are highly interested in AI in the US market."

minju LeeComment
Two New Artificial Intelligence ETFs Debut on NYSE
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Hyung-Sik Kim, CEO and co-founder of Qraft Technologies, said they have been working together with ETC to improve the performance of traditional quantitative investment strategies by applying AI technologies. “As our system is ready to compete in the heart of the global financial market, we feel happy but also feel a sense of responsibility for proving AI’s capabilities in the financial market,” Kim said. “In the future, we expect AI-enhanced products have the potential to become substitutes for broad market indices if we prove it with our technologies. I would like to thank everyone at Qraft and ETC for their hard work.”

minju LeeComment
Exchange Traded Concepts Partners with Qraft Technologies to Launch Two Artificial Intelligence (AI) Powered ETFs
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QRFT seeks to provide dynamic exposure to five main factors affecting the U.S. stock market, namely, quality, size, valuation, momentum, and low risk. To create optimal factor weights, the fund using artificial intelligence (AI) technologies to continuously learn the correlation of factor returns with various macroeconomic and valuation conditions. AMOM is an actively managed exchange-traded fund which aims to provide investors with long-term capital appreciation by utilizing a proprietary artificial intelligence system to select large-capitalization U.S. stocks with exposure to the momentum factor.

minju LeeComment
New Active ETFs Run With AI
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Qraft Technologies has launched two artificial-intelligence-based funds through Exchange Traded Concepts. The Qraft AI-Enhanced U.S. Large-Cap ETF (QRFT) and the Qraft AI-Enhanced U.S. Large-Cap Momentum ETF (AMOM) are both actively managed and rely on Qraft’s proprietary AI Quantitative Investment System known as AQUA.

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Qraft Technologies participated in ‘2019 Samsung Venture Investment Partners Day’

‘The 2019 Samsung Venture Investment Partners Day’ was held on 25th April, where eight local promising startups including Qraft Technologies were invited. ‘The Partners Day’ is attracting attention in that the event was hosted by Samsung Venture Investment, a subsidiary company of Samsung Electronics. The company was founded with a purpose on investment and has delivered M&As as well as stock investments for Samsung Electronics so far.

minju LeeComment
Qraft Technologies Attracts USD 10 millions in Investment

Delta AI Unicorn Investment Fund, with IBK Capital, Hana Financial Investment Co.,Ltd., and Kyowon Invest, has invested $10m in Qraft Technologies, a financial AI startup. The enterprise value for this investment is estimated to be over $100m. The investment will be used for strengthening a lineup of AI ETFs, R & D and overseas expansion of AI solution.

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Banks seeking to foster start-ups.
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Qraft has developed Hana Bank's asset management service HAI Robo which combines sophisticated AI algorithms and the convenience of online. In the first 9 months of launch, the service has surpassed 40,000 subscribers and AUM has reached $500m. Qraft has become a major player in the Robo advisor market and this is the key example of fostering and joint venture through Hana Bank's '1Q Agile Lab'. In addition, other domestic banks have also launched a start-up accelerating program and are working to promptly respond to a rapidly changing financial environment by building strong partnerships and business models for mutual growth.

minju LeeComment
AI ETF developed by Qraft Technologies, will be listed in New York Stock Exchange.

“We chose the US market to prove our technology.” said Hyung-sik Kim, CEO of Qraft Technologies in a recent interview to answer why AI-driven ETFs are listed in the United States market instead of domestic market. Qraft has completed all preparations and filed all relevant documents in the middle of last month. Given the two-month review period, Qraft's two AI ETFs using deep-learning technologies are expected to be listed on the New York Stock Exchange (NYSE) during April and May. He also said, "It will not the end with the listing of ETFs, but we will continue to build related line-ups. We will also focus on expanding our stride in non-financial AI solutions and consulting areas."

minju Lee
ETFs getting popular, Asset management and Fin-tech firms stepping in
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Last year, Korean ETF market renewed its highest level with its strengths in low-cost and relatively stable performance in the market selloffs. Qraft Technologies, Seoul-based FinTech startup, is a leader in robo-advisor industry using its own deep-learning technology to provide investment solutions that are automatically managed through technology without human intervention. Qraft Technologies is in the process of entering the global market as it is preparing to launch AI-driven ETFs in the United States.

minju Lee
Korean Asset Managers compete to secure technological capabilities in ETF landscape

Two largest asset managers in Korea, Mirae Asset Global Investements and Samsung Asset Management, are competing to secure technological capabilities in the ETF industry. As ETF-managed-portfolios (EMP) are attracting lots of attentions from the market, the big two are collaborating and investing in the FinTech startups who have already developed appropriate technologies to advise and manage these portfolios. Mirae Asset acquired approximately 20% stake in Qraft Technologies and also established a research institution with Qraft and Korea University.

Hyungsik Kim