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AI Powered Evovest Global Equity Fund Launched
Traders Magazine Online News, February 7, 2019
Evovest announced the launch of the Evovest Global Equity Fund. The fund's assets will be managed by Evovest, while Majestic Asset Management will manage the fund’s day-to-day operations. The Fund aims to provide investors with global exposure to equity markets and better risk-adjusted returns by using proprietary artificial intelligence investment models.
“This Fund is an important step in our mission to provide access to artificial intelligence solutions applied to investments.”, said Carl Dussault, CEO of Evovest. “Our partnership with Majestic Asset Management will enable us to provide this expertise at an affordable cost to investors”.
"We are excited to welcome Evovest within our group of managers," said David Bilodeau, CO-CEO of Majestic Asset Management. "We will provide all necessary tools so that this firm can become a pillar in the portfolio management space specializing in artificial intelligence".
The Evovest Global Equity Fund at a glance:
• Objective of maximizing risk-adjusted returns relative to the MSCI World Equal Weighted benchmark.
• Average holding of 100 constituents.
• Exposure to the market of large and mid-cap stocks across 7 geographic regions.
The Evovest Global Equity Fund (the “Fund”) is offered by Majestic Asset Management. Evovest acts as the Investment Advisor for the Fund. Commissions, trailer commissions, management fees and expenses all may be associated with investments in the Fund. Please read the Fund’s offering memorandum before investing. The Fund’s securities are not insured by the Canada Deposit Insurance Corporation or by any other government deposit insurer. The Fund is not guaranteed, its value changes frequently and past performance is not indicative of future results.
About Majestic Asset Management.
Majestic Asset Management is a firm that specializes in alternative investments. With more than $350M under management, Majestic operates a Fund Platform designed to provide portfolio managers with access to the world of investment funds by reducing the barriers to entry through substantial economy of scale. Majestic acts as a facilitator in the day-to-day affairs of the fund.
About Evovest.
Evovest has been appointed by Majestic as the Investment Advisor of the Fund and is responsible for the management of the Fund’s investment portfolio. The Investment Advisor is a corporation established under the laws of Canada and is registered with the AMF as a portfolio manager. Evovest is a Montreal-based asset manager specialized in investment strategies that make use of artificial intelligence (AI) to develop investment strategies.
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