Qraft Technologies Announces its AI Technology will Power FSITC’s First Financial Quantitative Japan Fund
From left to right: Chris Liao (General Manager of First Financial Investment Trust), Shinozaki Yuichiro (Managing Director of SoftBank Group), Rose Kao (Portfolio Manager of FSITC), Lily Huang (Portfolio Manager of FSITC), Simon Lee (Managing Director of Qraft Technologies) (Photo: Business Wire)
AI-Powered Fund is Designed to Capture Long-Term Growth Opportunities in the Japanese Market
SEOUL, South Korea & TAIPEI, Taiwan--(BUSINESS WIRE)--Qraft Technologies, a leading invest-tech company developing artificial intelligence solutions, announced that First Securities Investment Trust Co., Ltd. (FSITC) has newly launched the First Financial Quantitative Japan Fund powered by Qraft’s AI models. The AI deployment is a result of the business partnership formed between Qraft and FSITC earlier this year, aimed at setting new benchmarks in investment management by employing sophisticated quantitative strategies that enhance stock selection and risk management.
The fund leverages Qraft’s technology to offer investors a unique opportunity to access the Japanese equity market at a time when stock valuations have become attractive. In teaming with FSITC, Qraft’s AI models were specifically designed to address the fund’s investment mandate to navigate the Japanese market and to identify undervalued stocks while also managing risk effectively.
"The launch of the First Financial Quantitative Japan Fund is a natural extension of our commitment to bringing AI-driven financial solutions to the forefront of the asset management industry," said Marcus Kim, CEO of Qraft Technologies. "These particular AI models are designed to capitalize on current market conditions in Japan, identifying opportunities where traditional analysis might fall short. We are excited to provide investors with a powerful tool for long-term growth."
As Japan continues to strengthen its position in the global tech landscape, particularly in semiconductors and data centers, global large cap technology companies are expanding their presence in the country and contributing to its economic growth. The First Financial Quantitative Japan Fund aims to tap into these opportunities by focusing on sectors that are set to benefit from these developments.
Yao Zhao-wen, Chairman of FSITC (First Securities Investment Trust Co.), expressed his optimism by stating that the collaboration with Qraft Technologies goes beyond just AI-themed investments and positions them as a leading player in the local fund industry.
About Qraft Technologies
Qraft Technologies is a fintech company driving innovation in the asset management industry through its AI-powered investment solutions. Qraft’s suite of tools includes a security selection engine, asset allocation engine, and AI order-execution system, which have been adopted by leading financial institutions worldwide. In 2022, Qraft secured a US$146 million investment from SoftBank Group, solidifying its role as a leader in AI-driven finance.
About First Securities Investment Trust Co., Ltd. (FSITC)
First Securities Investment Trust Co., Ltd. (FSITC) is a pioneering asset management firm in Taiwan, known for its innovation in AI-themed funds and quantitative investment strategies. Established in 1986, FSITC manages assets totaling NTD $131.13 billion (approximately USD 4.18 billion) as of July 2024, with a strong focus on delivering high-quality portfolio management services through cutting-edge technology.