An Artificially Intelligent Multi Asset Index with IBM WatsonTM.

AI Powered Multi Asset Investing

The AI Powered Multi Asset Indexes are the first and only rules-based multi-asset strategies to use IBM Watson to turn data into investment insight.

AiMAX5 is a risk controlled, excess return index comprised of a diversified portfolio of ETFs that is rebalanced weekly and is designed to seek consistent returns through a variety of market conditions.

Award Winning Innovation

SPi is a market intelligence company that provides market intelligence, reference data and lifecycle information for the structured products industry.

In 2021, the HSBC AI Powered US Equity Indexes won the Best New Index award. This award recognises, following the Index Standard methodology, the best non-traditional index provider of the year, which outlines their methodology, innovation, and value to investors.

IBM - The World Leader in AI

IBM Watson represents a new era in computing, where systems understand the world the way humans do: through intuition, learning, and experience. IBM Watson continuously learns, gaining value and knowledge from interactions over time.

This video was produced by IBM Watson. HSBC has not reviewed, sponsored or endorsed this video or any of its contents.

Historical & Simulated

The AI Powered Multi Asset 5 Index would have provided growth through a variety of market environments due in part to a unique asset allocation process intended to adapt to market changes and mitigate potential risks.

While real time calculations began on March 5, 2021, the graph below illustrates how AiMAX5 would have provided long term positive returns with low volatility.


annual return

Key Statistics and Characteristics

Returns as of last available closing level AiMAX5
1 M -1.95%
YTD -3.67%
1 Y -0.29%
3 Y Annualized 5.93%
5 Y Annualized 8.66%
10 Y Annualized 8.43%
Bloomberg Ticker AiMAX5 Index
Asset Class Multi Asset
Currency USD
Launch Date March 5, 2021
Index Sponsor EquBot, Inc.
Calculation Agent Solactive AG
Index Fee1 0.85% per year

1 AiMAX5 Index values shown here, and as calculated and published by Solactive AG, are net of the 0.85% p.a. Index Fee.
The graph and table above sets forth hypothetical back tested performance of the Index from June 28, 2005 through Februrary 26, 2021, See the risk factors and “use of Simulated Returns” herein.

AiMAX5 Index Strategy

AiMAX5 uses a 3 step process to rebalance the index portfolio each week:

Step 1: AI Forecasts

AiMAX5 applies its latest insights from million of current and historical data points to forecast the future returns of each asset class.

Step 2: Portfolio Testing

Through a process based on the Principles of Modern Portfolio Theory, AiMAX5 tests each possible combination of the 15 investable asset classes in order to measure each portfolio’s forecasted return, volatility, and correlation.

Step 3: Portfolio Selection and Rebalancing

From the test portfolios, AiMAX5 selects the portfolio that offers the highest forecasted return while minimizing volatility and correlation, and rebalances a portion of the index to reflect the new portfolio.

5 Investible Asset Types > 15 Investible Asset Classes Next Generation Global Diversification Strategy

Developed Equities
iShares Russell 2000 IWM
Invesco QQQ QQQ
iShares MSCI Japan EWJ
Developed Bonds
iShares 20+ Year Treasury Bond TLT
iShares 1-3 Year Treasury Bond SHY
iShares iBOXX $ Investment Grade Corporate LQD
iShares iBOXX $ High Yield Corporate Bonds HYG
Vanguard Total International Bond BNDX
Real Assets
iShares U.S. Real Estate IYR
SPDR Gold Shares GLD
Emerging Markets
iShares MSCI Emerging Markets EEM
iShares J.P. Morgan USD Emerging Market Bond EMB
iShares TIPS Bond TIP

AiMAX5 daily risk control helps provide smoother returns.

AiMAX5 reacts daily to changing market conditions, as rapid movement in the market, or volatility, can create greater potential risk.

AiMAX5 reduces reduces the impact of short term volatility in the global markets through daily re-allocations between the selected multi asset portfolio and a cash component.

AiMAX5 seeks seeks a 5% daily volatility target, if the volatility falls below the target, the allocation to the selected multi asset portfolio is increased up to a maximum of 150%. If the volatility is greater than the target, allocations to the multi asset portfolio may be reduced. Allocations below 100% to the multi asset portfolio will be reallocated to a cash component.

For more information on the index methodology, please see the AiMAX5 Index Guidelines and the Ai Powered Multi Asset 5 Index Guideline published by Solactive AG. Information contained in these Index Guidelines or otherwise available from Solactive is not incorporated by reference in, and should not be considered a part of, this website.

AiMAX5 Resources

These materials provide an in depth overview of the performance and strategy that drives AiMAX5.

To view the current holdings in AiMAX5 please visit the Solactive AG website.