Axyon AI is the technology partner for the first AI-driven instrument issued by UniCredit and sponsored by AcomeA SGR
Modena, July 2024 – AcomeA SGR, an independent Italian investment boutique known for its active approach to specialised UCITS funds and liquid alternatives, is expanding its advisory service by becoming the sponsor of an index that will serve as the underlying asset for a certificate issued by UniCredit. This project marks a significant step forward in adopting artificial intelligence in Italy's investment sector.
Issued by UniCredit, the instrument is an AMC (Actively Managed Certificate) with no maturity date. It replicates the performance of a basket of 10 large-cap European stocks selected and periodically rebalanced through the discretionary expertise of AcomeA SGR managers supported by an advanced AI platform developed by Axyon AI.
"True to our active management DNA, we have initiated the role of an index sponsor, to be used by UniCredit for issuing an actively managed certificate that leverages the computational power of AI methodologies. This is still relatively rare in our country but is garnering growing interest and offers an intriguing portfolio diversification for more sophisticated clients," said Matteo Serio, Commercial Director, AcomeA SGR. "This initiative is designed to enhance the offerings of banks that, through advanced advisory models, aim to provide clients with a comprehensive portfolio service that includes both managed savings tools with a competitive fee profile and administered assets," Serio concluded.
"This certificate and the technology partnership with AcomeA represent a step forward in adopting our AI-based solutions," commented Daniele Grassi, our CEO and co-founder. "Machine learning technology supporting active management is a powerful tool that enables managers better to understand risks and opportunities in a constantly uncertain environment. We are proud of this collaboration with AcomeA and its entry into this market sector. It further proves how AI is becoming a crucial element in assisting managers to generate alpha."
Roles of the various players involved in creating, managing, and listing this new certificate:
- UniCredit is the issuer, Index Provider, Index Calculation Agent, and Liquidity Provider of the instrument
- AcomeA SGR is the Index Sponsor, providing advisory on the composition of the model portfolio on which the index is calculated.
- Axyon AI is the technology partner, offering AcomeA SGR a sophisticated platform utilising a series of internally developed AI-based quantitative models.