Combining traditional investing techniques with
AI technology, new Index provides comprehensive view of cross-asset
market trends built on millions of data points
BNP Paribas, Europe’s leading global bank, and QuantumStreet AI,
a global leader in the field of AI-powered investment solutions,
are today announcing the launch of a proprietary new BNP Paribas
Cross Asset Trend and AI Index in Brazil with global plans.
The BNP Paribas Cross Asset Trend and AI Index is designed to
combine traditional trend-based investing techniques with the
AI-powered approach of trend-following signals powered by
QuantumStreet AI, which are designed to identify cues that might
otherwise be missed to allow for the targeting of optimal
allocations across global asset classes. The strategy underpinning
this Index captures a broad range of available information by
leveraging both past data and forward-looking indicators via AI
analysis. QuantumStreet AI utilizes IBM watsonx as the foundation
for its generative AI platform.
By incorporating BNP Paribas’ proprietary trend analysis,
leveraging its award-winning indexing capabilities and
QuantumStreet AI’s renowned machine learning models for
institutional investors, the index aims to provide a comprehensive
view of cross-asset market trends, including equities, fixed
income, and commodities and across geographies covering equities
and bonds in the U.S., Europe and Japan. The BNP Paribas Cross
Asset Trend and AI Index will be used to provide the basis for
global structured products being made available to BNP Paribas’
clients, offering investors a unique perspective and way to access
market trends and emerging opportunities.
XP, a leading, technology-driven platform and provider of
financial products and services in Brazil, offers the BNP Paribas
Cross Asset Trend and AI Index on its platform, providing investors
with diversified financial products that are at the forefront of
global innovation.
Adil El Batji, Head of Global Equities, Americas at BNP Paribas
said, “BNP Paribas' collaboration with QuantumStreet AI highlights
the bank's commitment to fostering innovation and exploring new
avenues for enhancing investment strategies. This collaboration
brings together the knowledge of two industry leaders to provide
clients with cutting-edge quantitative investment 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 thrilled to be working with BNP Paribas on the
introduction of this new Index. It is ever so important to identify
and harness consistent sources of return within a systematic
framework, and AI driven approaches provide a solid basis for that.
We look forward to strengthening our relationship and serving the
bank's global client base."
Raj Datta, Vice President, ISV and AI Partnerships, IBM added,
"Collaborating with QuantumStreet AI enables institutions to access
AI-driven investment solutions with watsonx. Such relationships are
a way forward for rapid innovation and to build trusted AI."
Victor Vallim, Head of Structured Note Distribution and Partner
at XP said, “We are confident in the work we are doing with BNP
Paribas and QuantumStreet AI regarding the BNP Paribas Cross Asset
Trend and AI Index, which offers innovation and capability into a
single product. The low volatility of the index generates optimal
conditions for access through XP's Structured Notes, which can have
the potential to provide high minimum rates of return or elevated
leverage over a predefined period. This characteristic creates the
variety of structures that could benefit different client profiles
throughout the ecosystem.”
About BNP Paribas
BNP Paribas is the European Union’s leading bank and key player
in international banking. It operates in 63 countries and has
nearly 183,000 employees, including more than 145,000 in Europe.
The Group has key positions in its three main fields of activity:
Commercial, Personal Banking & Services for the Group’s
commercial & personal banking and several specialised
businesses including BNP Paribas Personal Finance and Arval;
Investment & Protection Services for savings, investment and
protection solutions; and Corporate & Institutional Banking,
focused on corporate and institutional clients. Based on its strong
diversified and integrated model, the Group helps all its clients
(individuals, community associations, entrepreneurs, SMEs,
corporates and institutional clients) to realise their projects
through solutions spanning financing, investment, savings and
protection insurance. In Europe, BNP Paribas has four domestic
markets: Belgium, France, Italy and Luxembourg. The Group is
rolling out its integrated commercial & personal banking model
across several Mediterranean countries, Turkey, and Eastern Europe.
As a key player in international banking, the Group has leading
platforms and business lines in Europe, a strong presence in the
Americas as well as a solid and fast-growing business in
Asia-Pacific. BNP Paribas has implemented a Corporate Social
Responsibility approach in all its activities, enabling it to
contribute to the construction of a sustainable future, while
ensuring the Group's performance and stability.
About QuantumStreet AI
QuantumStreet AI is an IBM Business Partner focused on fintech
and a leading global provider of AI powered investment solutions.
Combining latest AI methodologies with deep financial domain
expertise it develops and deploys differentiated investment
strategies. Its proprietary platform continually models 60,000
securities around the world, processing vast amounts of structured
and unstructured data in twelve global languages. QuantumStreet
partners with the world's leading institutions to jointly develop
investment products that are distributed in every continent.
www.quantumstreetai.com
About BNP Paribas Cross Asset Trend Index
The BNP Paribas Cross Asset Trend Index is a rules-based Index
aiming to achieve diversification while gaining exposure to the
alpha(1) generated by trend following strategies, commonly used by
Commodity Trading Advisor (CTA) Managed Hedge Funds.
The Index aims to address new market conditions, such as low
interest rates and restless equity markets by seeking both long and
short exposures to a 77 component universe. The universe includes
global equities, rates, credit, foreign exchange rates and
commodities.
The methodology is based on the principles of trend following,
intending to benefit from both up and down price movements, and of
risk diversification.
For additional information and relevant disclaimers, please
click here.
(1) Alpha: excess return of an asset or investment.
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version on businesswire.com: https://www.businesswire.com/news/home/20240708856220/en/
Press Contacts:
BNP Paribas: Claire Schiff
claire.schiff@us.bnpparibas.com
BNP Paribas Brazil: NOVA PR
imprensa.bnpparibas@novapr.com.br
QuantumStreet AI: Chris Sullivan
chris@craftandcapital.com