Summarize this content to 2000 words in 6 paragraphs in Arabic Stay informed with free updatesSimply sign up to the Exchange traded funds myFT Digest — delivered directly to your inbox.Tuttle Capital has filed to invest in \u201creverse-engineered alien technology\u201d with the Tuttle Capital UFO Disclosure AI Powered exchange traded fund, which is one of eight new products the manager has registered with the Securities and Exchange Commission, regulatory filings show.With the ticker UFOD, the actively managed UFO Disclosure AI Powered ETF will invest at least 80 per cent of its net assets in a basket of companies that Tuttle Capital \u201cbelieves have potential exposure to advanced or \u2018reverse-engineered\u2019 alien technology, spurred by disclosures about UFOs and alleged advanced technologies\u201d, the registration statement reads.Those companies will include aerospace groups and defence contractors that may have research and development programmes \u201crumoured to work with classified technology, potentially leading to groundbreaking advancements\u201d, the filing says.Matthew Tuttle, chief executive of Tuttle Capital, said he had been interested in UFOs \u2014 unidentified flying objects \u2014 for years.While they are by definition an unknown quantity, Tuttle said he believed investing in UFOs, and the technology that they may use, could take off once his product hits the market.\u201cI\u2019m a trader. I look at [UFOs] and I say that they\u2019re using a power source that is light years beyond anything that we have\u2009.\u2009.\u2009. If our government has this technology and it\u2019s released, that will be a game-changer,\u201d he said.Each ETF will be traded on the Cboe BZX Exchange. The forthcoming products do not have set launch dates or listed fees, according to the filing.The ETF will short companies that are threatened or could be made obsolete because of any \u201calien-level\u201d technology that is discovered, its registration states.UFOD\u2019s launch is not a sure thing, however, according to Tuttle. Without sufficient information sourced from government disclosures on UFOs, the product might not go to market, he said.The risky and opaque nature of alien investment is not lost on Tuttle and his firm.\u201cGovernment confirmation or denial of advanced alien tech is uncertain, and rumoured breakthroughs might never materialise. This entire theme is highly speculative and subject to rumour cycles,\u201d reads a paragraph in the registration statement on the speculative nature of the proposed ETF.The other seven products that Tuttle\u2019s company registered will all employ artificial intelligence tools as part of their stock selection process, according to the filing.\u201cUFO technology\u201d may be out of reach for the average investor, but AI is one known advancement that Tuttle believes is reshaping the financial landscape.\u201cWhat AI can do is a game-changer, and I don\u2019t think people have fully wrapped their head around that,\u201d said Tuttle, who added he used AI for 90 per cent of his investment process.*Ignites is a news service published by FT Specialist for professionals working in the asset management industry. Trials and subscriptions are available at ignites.com.<\/p>\n","protected":false},"excerpt":{"rendered":"
Summarize this content to 2000 words in 6 paragraphs in Arabic Stay informed with free updatesSimply sign up to the Exchange traded funds myFT Digest — delivered directly to your inbox.Tuttle Capital has filed to invest in \u201creverse-engineered alien technology\u201d with the Tuttle Capital UFO Disclosure AI Powered exchange traded fund, which is one of<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[],"class_list":{"0":"post-202110","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-tech"},"_links":{"self":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/202110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/comments?post=202110"}],"version-history":[{"count":0,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/202110\/revisions"}],"wp:attachment":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media?parent=202110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/categories?post=202110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/tags?post=202110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}