BNP Paribas and QuantumStreet AI today announced the launch of a new, unique BNP Paribas Cross-Asset Trended and AI Index in Brazil, with global plans.
The BNP Paribas Cross Asset Trend & AI Index is designed to combine traditional trend-based investment techniques with an AI-powered approach of trend-following signals powered by QuantumStreet AI, designed to identify cues that might otherwise be missed and target optimal allocation across asset classes worldwide. The index’s underlying strategy leverages both historical data and forward-looking indicators powered by AI analytics to capture the broadest range of information available.
QuantumStreet AI uses IBM watsonx as the foundation for its generative AI platform.
The index incorporates BNP Paribas’ proprietary trend analysis, leveraging its award-winning indexing capabilities and QuantumStreet AI’s renowned machine learning models for institutional investors, aiming to provide a comprehensive view of cross-asset market trends including equities, fixed income and commodities, as well as across regions covering US, European and Japanese stocks and bonds.
The BNP Paribas Cross-Asset Trend and AI Indexes are used as the basis for global structured products offered to BNP Paribas clients, providing investors with a unique perspective and way to access market trends and new opportunities.
XP, a Brazilian technology-driven platform and provider of financial products and services, offers the BNP Paribas Cross Asset Trend and AI Index on its platform, providing investors with a diversified range of financial products at the forefront of global innovation.
Adil El Batji, head of global equities for the Americas at BNP Paribas, said:
“The collaboration between BNP Paribas and QuantumStreet AI underscores the bank’s commitment to fostering innovation and exploring new ways to enhance investment strategies. This collaboration brings together the knowledge of two industry leaders to provide clients with cutting-edge quantitative investing solutions that leverage data-driven insights to optimize portfolio performance and transform the investment landscape.”
Chris Natividad and Subhra Tripathy, principals at QuantumStreet AI, added:
“We are very pleased to be working with BNP Paribas on the launch of this new index. Identifying and leveraging consistent revenue streams within a systematic framework is crucial and our AI-driven approach provides a solid foundation for this. We look forward to strengthening our relationship and serving the bank’s global client base.”
