Time and Frequency Connectedness Among Emerging Markets and QGREEN, FinTech and Artificial Intelligence-Based Index: Lessons from the Outbreak of COVID-19
{"title":"Time and Frequency Connectedness Among Emerging Markets and QGREEN, FinTech and Artificial Intelligence-Based Index: Lessons from the Outbreak of COVID-19","authors":"Sudhi Sharma, Vaibhav Aggarwal, Namita Dixit, Miklesh Yadav","doi":"10.1177/09722629221141553","DOIUrl":null,"url":null,"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.","PeriodicalId":44860,"journal":{"name":"Vision-The Journal of Business Perspective","volume":null,"pages":null},"PeriodicalIF":3.0000,"publicationDate":"2023-01-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"3","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Vision-The Journal of Business Perspective","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1177/09722629221141553","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"BUSINESS","Score":null,"Total":0}
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.
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.