Monex's Computer-Managed Mutual Fund Launches

ft.com:

Monex, a Japanese online brokerage, will next month introduce the country's first entirely computer-managed mutual fund, based on programmes developed by winners of a competition set up by the brokerage.

The fund will be run by computer models. The only human input will come from a person delegated to check that orders generated from the models replicate those sent to the exchange for execution, Monex said.

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Read the whole story: ft.com

Comments

[DeepsyRascal]

Excellent idea, there's renewed hope for Metal Mickey, C3P0, and Twiki though I'd watch out for any Cybermen commodity traders, they not big gold fans.

[Weathermaker]

Does this robot smoke as much as Jim Simmons does?

[KCFreedom]

Will this replace the stock-picking chimpanzees?

[gcallaghan]

This news severely diminished investment in the dart-throwing robot sector.

[nomorefed]

yay..more same ol same ol..quant funds helpd create this mess

good articles http://www.bit.ly/12NCJR recommended reading

Why isnt the stock market falling when the economy is sinking? Why cant we get change in Washington that we really need? Why vote?

[DRaymond]

Index funds have been essentially run without stock pickers for decades.

Most institutional investors are driven by computer generated trades.

I could forsee a time when nearly all consumer marketed funds over a particular size are required to be conputer driven. The reason is that computers generally cannot engage in market manipulation, and inside trading.

[cered]

I'm not sure if I agree, but I'm going to follow this fund and see how it does.

[Dystopic]

Another job outsourced to robots. The Stock Picking Chicken deserves a job too,

[ErnestineBass]

Heh...I've taken to reading "pee leaves" - picking stocks according to what MisterKitty "deposits" in the litter box.

Believe it or not, his s h i t picks have made me more money this year than my broker's.