Time and Frequency Connectedness Among Emerging Markets and QGREEN, FinTech and Artificial Intelligence-Based Index: Lessons from the Outbreak of COVID-19

IF 3 Q2 BUSINESS

Vision-The Journal of Business Perspective Pub Date : 2023-01-21 DOI:10.1177/09722629221141553

Sudhi Sharma, Vaibhav Aggarwal, Namita Dixit, Miklesh Yadav

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引用次数: 3

Abstract

The study is about contributing to the ongoing discussion on the diversification opportunities for emerging markets with non-conventional asset class. The limited literature in the era of fourth industrial revolution motivates us to gauge diversification opportunities. This study is focusing on identifying diversification opportunities with a set of unique asset classes that are the proxies for Green Funds, FinTech and Artificial Intelligence-based index funds. The method and model applied in the study are time and frequency connectedness in a Wavelet Coherence, and for the robustness check—Network analysis has been applied. The originality of the study lies in identifying the impact of the outbreak of COVID-19. The results captured that FinTech-based asset was the most resilient asset class during the pre- and post-outbreak of COVID-19, followed by AI-based fund and finally by Green fund. Henceforth, FinTech provides superior diversification opportunities among all with MSCI Emerging Market. AI and Green funds are captured to be invested in the long term for diversification, whereas FinTech is suitable for both long- and short-term assets. The results are relevant for investors in emerging markets and for policymakers as well.

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新兴市场与QGREEN、金融科技和人工智能指数的时间和频率连通性:新冠疫情的教训

这项研究旨在为正在进行的关于新兴市场非常规资产类别多元化机会的讨论做出贡献。在第四次工业革命时代，有限的文献促使我们衡量多元化机会。本研究的重点是通过一系列独特的资产类别来识别多样化的机会，这些资产类别是绿色基金、金融科技和基于人工智能的指数基金的代理。研究中使用的方法和模型是小波相干中的时间和频率连通性，对于鲁棒性检查采用了网络分析。该研究的独创性在于确定了COVID-19爆发的影响。结果显示，在COVID-19爆发前后，基于金融科技的资产是最具弹性的资产类别，其次是基于人工智能的基金，最后是绿色基金。此后，FinTech在所有MSCI新兴市场中提供了卓越的多元化机会。人工智能和绿色基金被用于长期投资，以实现多元化，而金融科技既适合长期投资，也适合短期投资。研究结果对新兴市场的投资者和政策制定者都有意义。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Vision-The Journal of Business Perspective Multiple-

CiteScore

4.60

自引率

0.00%

发文量

121

期刊介绍： Vision-The Journal of Business Perspective is a quarterly peer-reviewed journal of the Management Development Institute, Gurgaon, India published by SAGE Publications. This journal contains papers in all functional areas of management, including economic and business environment. The journal is premised on creating influence on the academic as well as corporate thinkers. Vision-The Journal of Business Perspective is published in March, June, September and December every year. Its targeted readers are researchers, academics involved in research, and corporates with excellent professional backgrounds from India and other parts of the globe. Its contents have been often used as supportive course materials by the academics and corporate professionals. The journal has been providing opportunity for discussion and exchange of ideas across the widest spectrum of scholarly opinions to promote theoretical, empirical and comparative research on problems confronting the business world. Most of the contributors to this journal range from the outstanding and the well published to the upcoming young academics and corporate functionaries. The journal publishes theoretical as well as applied research works.