Smart Beta Investing:An Alternative Investment Paradigm in Emerging Indian Equity Market
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Redalyc
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| Format: | Artículo científico |
| Langue: | en |
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Vilniaus Universitetas
2022
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| _version_ | 1876441355378491392 |
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| author | Reema Monga |
| author_facet | Reema Monga |
| contents | Smart Beta Investing:An Alternative Investment Paradigm in Emerging Indian Equity Market Reema Monga Deept Aggrawal Jagvinder Singh Economía y Finanzas risk parity factor exposure idiosyncratic risk Indian equity market smart beta investing This paper fundamentally looks at the novel concept of Smart Beta investing in constructing a more efficient and well-diversified alternative investment. Smart beta has been a popular investment philosophy, although emerging countries have been slower to adopt and execute it.In this way, the study investigates the existence, performance, and robustness of smart beta strategies in a divergent financial market. Moreover, it is an initial attempt to integrate the framework of stock selection and stock weighting to construct and test smart beta strategies against the traditional Indian market benchmark (S&P BSE 500). The findings show that smart beta investing results in a better risk-return profile on an absolute and risk-adjusted basis. Furthermore, the results demonstrate the consistency and robustness of smart beta strategies in different market conditions and display their outperformance even in bearish market conditions. 2022 artículo científico 2029-4581 https://www.redalyc.org/articulo.oa?id=692372942010 https://www.redalyc.org/journal/6923/692372942010/ https://www.redalyc.org/journal/6923/692372942010/html/ https://www.redalyc.org/journal/6923/692372942010/692372942010.epub https://www.redalyc.org/journal/6923/692372942010/movil https://doi.org/10.15388/omee.2022.13.77 en http://www.redalyc.org/revista.oa?id=6923 Organizations and Markets in Emerging Economies application/pdf Vilniaus Universitetas Organizations and Markets in Emerging Economies (Lituania) Num.1 Vol.13 |
| format | Artículo científico |
| id | redalyc_692372942010 |
| institution | Redalyc |
| language | en |
| publishDate | 2022 |
| publisher | Vilniaus Universitetas |
| spellingShingle | Smart Beta Investing:An Alternative Investment Paradigm in Emerging Indian Equity Market Reema Monga Economía y Finanzas risk parity factor exposure idiosyncratic risk Indian equity market smart beta investing Smart Beta Investing:An Alternative Investment Paradigm in Emerging Indian Equity Market Reema Monga Deept Aggrawal Jagvinder Singh Economía y Finanzas risk parity factor exposure idiosyncratic risk Indian equity market smart beta investing This paper fundamentally looks at the novel concept of Smart Beta investing in constructing a more efficient and well-diversified alternative investment. Smart beta has been a popular investment philosophy, although emerging countries have been slower to adopt and execute it.In this way, the study investigates the existence, performance, and robustness of smart beta strategies in a divergent financial market. Moreover, it is an initial attempt to integrate the framework of stock selection and stock weighting to construct and test smart beta strategies against the traditional Indian market benchmark (S&P BSE 500). The findings show that smart beta investing results in a better risk-return profile on an absolute and risk-adjusted basis. Furthermore, the results demonstrate the consistency and robustness of smart beta strategies in different market conditions and display their outperformance even in bearish market conditions. 2022 artículo científico 2029-4581 https://www.redalyc.org/articulo.oa?id=692372942010 https://www.redalyc.org/journal/6923/692372942010/ https://www.redalyc.org/journal/6923/692372942010/html/ https://www.redalyc.org/journal/6923/692372942010/692372942010.epub https://www.redalyc.org/journal/6923/692372942010/movil https://doi.org/10.15388/omee.2022.13.77 en http://www.redalyc.org/revista.oa?id=6923 Organizations and Markets in Emerging Economies application/pdf Vilniaus Universitetas Organizations and Markets in Emerging Economies (Lituania) Num.1 Vol.13 |
| title | Smart Beta Investing:An Alternative Investment Paradigm in Emerging Indian Equity Market |
| topic | Economía y Finanzas risk parity factor exposure idiosyncratic risk Indian equity market smart beta investing |
| url | https://www.redalyc.org/articulo.oa?id=692372942010 https://www.redalyc.org/journal/6923/692372942010/ https://www.redalyc.org/journal/6923/692372942010/html/ https://www.redalyc.org/journal/6923/692372942010/692372942010.epub https://www.redalyc.org/journal/6923/692372942010/movil https://doi.org/10.15388/omee.2022.13.77 |