Are FinTech, Robotics, and Blockchain index funds providing diversification opportunities with emerging markets?Lessons from pre and postoutbreak of COVID-19

The study has been inspired by the emergence of technology-based assets, namely, FinTech, Robotics, and Blockchain in 4th Industrial Revolution. We are examining diversification opportunities with nonconventional technology funds based on while investing MSCI Emerging Markets Index, finally gauging most resilient fund during pre-and post-outbreak COVID-19. five technology-driven considered ARK FinTech Innovation Exchange Traded Funds (ARKF), Global X (FINX), First Trust NASDAQ Artificial Intelligence Robotics (ROBT), (BOTZ), Ishares (IRBO) to investigate Index. time-varying dynamic spillover using Vector Auto Regression Model for average, low, high volatility quantiles network connectedness quantile VAR have applied capture identifying fund. found that ARKF FINX provide opportunities. In each quantile, these two evidence diversification, BOTZ, also shows evidence. Moreover, is throughout fund, extreme quantiles. Throughout quantiles, it perceived a significant impact COVID-19 total emerging market index.