Union Investment is set to launch one of Germany's first artificial intelligence (AI)-based fund management services in December 2024, in partnership with LAIC Vermögensverwaltung. The new service, named 'WertAnlage', aims to integrate human expertise with AI in the investment process.
It will consider various customer preferences, including risk tolerance, asset classes, alternative investments, regions, and sustainability aspects, allowing for over 2,600 individual allocations.