BUSINESS NEWS - NMRQL Research, a new financial technology start-up co-founded by former First National Bank CEO Michael Jordaan, has launched a unit trust fund that uses machine learning to drive research, analysis and stock selection.
The NMRQL SCI Balanced Fund, administered by the Sanlam Collective Investments platform, is a collective investment scheme approved by the Financial Services Board that aims to achieve steady long-term growth of capital and income.
“This will be achieved by investing in a diversified portfolio of domestic and international assets, where the asset allocation and stock selection is systematically managed using machine-learning algorithms,” NMRQL said in a statement.
“The machine learning-powered, computational investment process … allows NMRQL to discover hidden patterns in underlying big data,” it said.
“Once discovered, these patterns can be exploited to forecast returns across all asset classes and markets, resulting in steady long-term growth of capital and income.”
According to the company, the fund is suitable for institutions, fund of funds and high-net-worth individuals with a moderately aggressive risk appetite and an investment horizon of five years or longer.
It may comprise a combination of assets in liquid form, money market and interest bearing instruments, bonds, corporate debt, equity securities, property securities, preference shares and convertible equities.
