The Anti AI ETF's Heavy Weight Gamble on Infrastructure The launch of Roundhill's LOHA ETF in May 2023 has sent shockwaves through the financial world, offering an alternative to AI dominated indices that have come to dominate passive equity portfolios.
At its core, this anti AI ETF is a bet on physical infrastructure – engines, trucks, air conditioners, and even gold mining.
The Case Against Code Dependent Indices LOHA's creator, Josh Brown of Ritholtz Wealth Management, has coined the term HALO (Heavy Assets and Low Obsolescence) to describe companies whose value lies in tangible assets rather than code.