Meet the ETF Portfolio Managers Trying Their Luck With Meme Stocks AMC and GameStop

“The positive momentum for these volatile securities could be short-lived,” said Todd Rosenbluth, head of ETF and mutual fund research at CFRA. “New, actively managed ETFs’ strong performance out of the gate can help garner investor interest in increasingly crowded markets, but such demand may disappear if losses pile up,” he said.

Qraft’s $5.6 million ETF relies on artificial intelligence to screen for value stocks based on intangible assets such as intellectual property, and it tries to predict which will have the best performance over the next month. The AI’s monthly 100 top picks have recently included GameStop and AMC. Just like human fund managers, AI-powered funds can also struggle with timing. Qraft’s AI traded in and out of GameStop over February, March and April, exposing the fund to losses while missing out on some gains, according to FactSet. In June, the fund added AMC to its roster and held on to GameStop.“We’ve had trials and errors,” Mr. Geeseok added.How have you and people you know fared during the meme stock frenzy? Join the conversation below.

Principal’s ETF selects and weighs stocks based on several factors, such as value, quality, momentum and low volatility, as well as how risky the overall market seems. The fund’s active component rests in portfolio managers’ ability to rebalance as often as needed unlike many other quant funds, which tend to rebalance on a schedule.

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When reporting is so purposefully bad it's blatantly trying to dig out hedge funds awful market manipulating mistake. Fizzle that meme stock wsj.

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