AI can give fundies an edge over the market: Invesco

Using interesting data sets and compute power can help investors get an edge over the market, Invesco Solutions director Scott Bennett said.

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Bennett said the fund manager is using the data sets to drive better return and risk outcomes in their portfolios.

“While the fundamentals of investing are relatively straightforward and simple, we do think you can gain a slight edge by using some of the more interesting data sets and compute power that we now have available relative to what we had 20 years ago,” he said.

Bennett said Invesco has recently started looking at credit card data to evaluate a company’s earning momentum and sentiment.

Rather than waiting quarterly to get information on key metrics like company sales, Invesco is assessing credit card transactions data that happen every day globally.