The analysts asked ChatGPT to select stocks based on some commonly used criteria, including picking companies with a low level of debt and a track record of growth. Funds managed by HSBC and Fidelity were among those selected.
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Europe's equivalent, the Stoxx Europe 600 index, ticked up 0.5 per cent in that time.Ī typical investment fund pulls together money from multiple investors, and is overseen by a fund manager who decides how to invest that money.įinder's analysts took the 10 most popular UK funds on trading platform Interactive Investor as a benchmark for assessing the performance of the ChatGPT-generated fund. Over the same eight-week period, the S&P 500 index, which tracks the 500 most valuable companies in the United States, rose 3 per cent. It wouldn't "be long until large numbers of consumers try to use for financial gain," Jon Ostler, Finder's CEO, said in a statement earlier this week. A basket of stocks selected by ChatGPT, a chatbot powered by artificial intelligence (AI), has far outperformed some of the most popular investment funds in the United Kingdom.īetween March 6 and April 28, a dummy portfolio of 38 stocks gained 4.9 per cent while 10 leading investment funds clocked an average loss of 0.8 per cent, according to an experiment conducted by financial comparison site.
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