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What Is the Best Way to Invest in Public FinTech Companies?

紀錄類型:	書目-語言資料,手稿 : Monograph/item
正題名/作者:	What Is the Best Way to Invest in Public FinTech Companies?/
作者:	Moreira, Alexandre.
面頁冊數:	1 online resource (49 pages)
附註:	Source: Masters Abstracts International, Volume: 85-09.
Contained By:	Masters Abstracts International85-09.
標題:	Innovations. -
電子資源:	click for full text (PQDT)
ISBN:	9798381896442

What Is the Best Way to Invest in Public FinTech Companies?
Moreira, Alexandre.

What Is the Best Way to Invest in Public FinTech Companies? - 1 online resource (49 pages)

Source: Masters Abstracts International, Volume: 85-09.

Thesis (M.S.)--Universidade Catolica Portuguesa (Portugal), 2022.

Includes bibliographical references

The FinTech industry is becoming more attractive and is seen as a rising sector. Data shows that, in 2021, private investment vehicles, such as private equity firms, are investing more than ever in FinTech companies.The objective of this research is to determine if it is profitable to invest in FinTech stocks, and what the best strategy. Research demonstrates the profitability of different investment strategies across different markets and sectors, and yet there is no evidence and no studies applied to publicly traded FinTech companies.Based on the review of the literature on portfolio theory and market anomalies, the investment strategies chosen were value, momentum, and Combo. A small number of companies were studied and a small time period was analysed, which was due to data unviability. The investment strategies were applied, and the results were separated into two different time frames to isolate the impact of pandemic. A transaction cost analysis was done to access the portfolios' persistence and the bootstrap method was applied to the mean excess return with the purpose of having more robust conclusions.The results indicate that, for the pre-pandemic period, investing in FinTech stocks using the momentum strategy is profitable. This strategy is even able to beat the market, producing a Sharpe ratio of 1.69. For the post-pandemic period, all the strategies employed turned out to be unprofitable and their results were quite inferior to the market.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2024

Mode of access: World Wide Web

ISBN: 9798381896442Subjects--Topical Terms:

578404
Innovations.
Index Terms--Genre/Form:

554714
Electronic books.

What Is the Best Way to Invest in Public FinTech Companies?
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500 $a Source: Masters Abstracts International, Volume: 85-09.
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502 $a Thesis (M.S.)--Universidade Catolica Portuguesa (Portugal), 2022.
504 $a Includes bibliographical references
520 $a The FinTech industry is becoming more attractive and is seen as a rising sector. Data shows that, in 2021, private investment vehicles, such as private equity firms, are investing more than ever in FinTech companies.The objective of this research is to determine if it is profitable to invest in FinTech stocks, and what the best strategy. Research demonstrates the profitability of different investment strategies across different markets and sectors, and yet there is no evidence and no studies applied to publicly traded FinTech companies.Based on the review of the literature on portfolio theory and market anomalies, the investment strategies chosen were value, momentum, and Combo. A small number of companies were studied and a small time period was analysed, which was due to data unviability. The investment strategies were applied, and the results were separated into two different time frames to isolate the impact of pandemic. A transaction cost analysis was done to access the portfolios' persistence and the bootstrap method was applied to the mean excess return with the purpose of having more robust conclusions.The results indicate that, for the pre-pandemic period, investing in FinTech stocks using the momentum strategy is profitable. This strategy is even able to beat the market, producing a Sharpe ratio of 1.69. For the post-pandemic period, all the strategies employed turned out to be unprofitable and their results were quite inferior to the market.
520 $a A industria FinTech esta em crescimento e e cada vez mais atrativa. Dados comprovam que, em 2021, veiculos de investimento privado, como empresas de "private equity" , estao a investir mais que nunca em empresas desta industria.Esta tese tem como objetivo determinar se e rentavel investir em acoes de empresas FinTech e qual e a melhor estrategia para o fazer. Existem varios estudos sobre a rentabilidade de diferentes estrategias de investimento aplicadas a inumeros setores e mercados financeiros, contudo nao ha qualquer analise nem resultados sobre estas estrategias aplicadas a acoes de empresas FinTech.Tendo como base a revisao de literatura sobre portefolios e anomalias de mercado, as estrategias de investimento escolhidas foram "value", "momentum" e Combo.Devido a falta de dados, foi analisado um numero reduzido de empresas e durante um curto espaco temporal.As estrategias de investimento foram aplicadas e os resultados foram analisados em dois periodos diferentes, com o proposito de isolar o impacto da pandemia. Para examinar a persistencia dos portefolios, uma analise de custos de transacao foi elaborada. De forma a ter resultados mais robustos, o metodo "Bootstrap" foi usado para o retorno medio em excesso. Os resultados indicam que, no periodo pre-pandemico, o investimento em acoes FinTech usando a estrategia de "momentum" e rentavel e acima do mercado, tendo esta estrategia um indice de Sharpe de 1.69. Para o periodo que inclui a pandemia, nenhuma das estrategias usadas e rentavel e todas tem uma performance bastante abaixo do mercado.
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