Investing: Is ChatGPT outperforming the top most popular funds in the UK?

&gt; We asked ChatGPT to create a portfolio of stocks from high-quality businesses with criteria taken from the leading 10 funds it is competing against. These include things like low levels of debt, sustained growth in the past and assets that generate an advantage of competitors.<p>This sounds like a bad idea given the knowledge cutoff date, unless you also feed it the relevant data. But would that fit in the prompt?

Zero information about methodology or prompting means there is nothing useful here, nor is there any way to verify veracity.

The hedge fund and investment management industry ready lost the game to machines post 2008. Just look at the successes of quant firms and HFT firms relative to fundamental hedge funds. Or just look at the success of quantitative teams vs qualitative analyst teams.

&quot;A fund consisting of 38 stocks chosen by ChatGPT has risen 4.93% in the first 8 weeks since it was created by Finder on 6 March 2023.&quot; I stopped reading after that. It&#x27;s hardly amazing news. I can get a bank account that pays 7 percent (I&#x27;m in UK).