1、AI integration in investment management1 2024 Mercer(US)LLC.All rights reserved.AI integration in investment management2024 global manager survey by Mercer InvestmentsAI integration in investment management 2024 Mercer(US)LLC.All rights reserved.2Contents Introduction 3Key findings 5 Use of AI in in

2、vestment strategies .5Future impact of AI on markets .6Investment opportunities .6Operational impacts of AI integration .7 Detailed findings 8Section 1:Use of AI in investment strategies .8Section 2:Investment opportunities .16Section 3:Future impact of AI on markets and strategy development .20Sect

3、ion 4:Operational impacts of AI integration .24Key considerations for managers .28Conclusion .29Glossary and definitions .30AI integration in investment management3 2024 Mercer(US)LLC.All rights reserved.In 1950,computer scientist Alan Turing deemed the question“Can machines think?”overly simplistic

4、.Instead,Turing proposed an experimental form of questioning to assess machines cognitive abilities,which became known as the Turing Test.Nearly 75 years later,debate around whether artificial intelligence(AI)has met the key conditions of the Turing Test continues,and surging interest in AI has spar

5、ked a wave of new questions about its future impact on economies,markets and sectors.Questions about the effects of AI are fundamental to the future of the investment management industry,a critical determinant of capital allocations and investment performance and alpha generation globally.Yet,the ma

6、gnitude of“unknowns”surrounding AI and its potential impact on investment decision-making from stock selection and asset allocation to the modeling of risk and return may leave investors,portfolio managers and executive teams unsure of what questions to ask.To tackle some of the questions around how