Bibliometric analysis of portfolio diversification focusing on alternative investments
Portfolio diversification, a key investment management strategy, traditionally involved stocks, bonds, and cash. However, the growing complexity of financial markets has led to increased interest in alternative investments such as hedge funds, private equity, real estate, commodities, an...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Faculty of Economics, Belgrade
2025-01-01
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| Series: | Ekonomski Anali |
| Subjects: | |
| Online Access: | https://doiserbia.nb.rs/img/doi/0013-3264/2025/0013-32642545171H.pdf |
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| Summary: | Portfolio diversification, a key investment management strategy,
traditionally involved stocks, bonds, and cash. However, the growing
complexity of financial markets has led to increased interest in alternative
investments such as hedge funds, private equity, real estate, commodities,
and cryptocurrencies due to their low correlations with traditional assets.
This study aims to explore the evolving role of alternative investments in
portfolio diversification by conducting a bibliometric analysis of 405
articles from the Web of Science database. The analysis provides insights
into the most frequently cited articles, journals, co-author teams,
individual authors, organisations, and countries. Additionally, it includes
sentiment analysis of abstracts, followed by keyword co-occurrence,
bibliographic coupling, and co-citation analysis. The findings reveal a
marked increase in research activity on alternative investments over the
past five years, peaking in 2019. Key themes identified include portfolio
optimisation, asset allocation, and the integration of traditional and
alternative investments, underscoring the growing significance of
alternative assets in modern investment strategies. These findings have
implications for both the academic community and practitioners, enhancing
the understanding of alternative investments in portfolio diversification
and informing future research and investment strategies. |
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| ISSN: | 0013-3264 1820-7375 |