Hedging precious metals with impact investing

Title: Hedging precious metals with impact investing
Creator: Akhtaruzzaman, Md; Banerjee, Ameet Kumar; Le, Van; Moussa, Faten
Relation: International Review of Economics and Finance Vol. 89, Issue Part A, p. 651-664
Publisher Link: http://dx.doi.org/10.1016/j.iref.2023.07.047
Publisher: Elsevier
Resource Type: journal article
Date: 2024
Description: Our study investigates the role of impact investing as a risk management tool for precious metals (i.e., palladium, platinum, gold, and silver) in calm and turbulent times. The findings show that impact investing and precious metals portfolios have higher hedging effectiveness. Furthermore, the results show that the hedging effectiveness for the portfolio of gold and impact investing increased during the COVID–19 crisis. Finally, we find that when factoring the transaction cost in portfolios of impact investing and precious metals, investors at various levels of risk aversion gain higher utility. These findings contribute to the literature and interest of investors, policymakers, fund managers, and regulators.
Subject: impact investing; hedge ratio; COVID-19; hedging effectiveness; precious metals; sustainable finance
Identifier: http://hdl.handle.net/1959.13/1495710
Identifier: uon:54052
Identifier: ISSN:1059-0560
Rights: x
Language: eng
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