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Tuttle Capital has filed to invest in “reverse-engineered alien technology” 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 “believes have potential exposure to advanced or ‘reverse-engineered’ alien technology, spurred by disclosures about UFOs and alleged advanced technologies”, the registration statement reads.
Those companies will include aerospace groups and defence contractors that may have research and development programmes “rumoured to work with classified technology, potentially leading to groundbreaking advancements”, the filing says.
Matthew Tuttle, chief executive of Tuttle Capital, said he had been interested in UFOs — unidentified flying objects — for years.
This article was previously published by Ignites, a title owned by the FT Group.
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.
“I’m a trader. I look at [UFOs] and I say that they’re using a power source that is light years beyond anything that we have . . . If our government has this technology and it’s released, that will be a game-changer,” 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 “alien-level” technology that is discovered, its registration states.
UFOD’s 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.
“Government 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,” reads a paragraph in the registration statement on the speculative nature of the proposed ETF.
The other seven products that Tuttle’s company registered will all employ artificial intelligence tools as part of their stock selection process, according to the filing.
“UFO technology” may be out of reach for the average investor, but AI is one known advancement that Tuttle believes is reshaping the financial landscape.
“What AI can do is a game-changer, and I don’t think people have fully wrapped their head around that,” 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.