You are cordially invited to join Sasin Research Seminar. Sasin Research Seminar – Examining the Safe Haven Property of Gold and Major Gold-backed Cryptocurrencies before and during the Covid-19 pandemic By Assistant Professor Piyachart Phiromswad, Ph.D., Sasin Core Faculty Friday September 30, 2022, 12:00 -13:00 pm Venue: Room 201, Sasin School of Management. Please register here to reserve your seat. Summary: In a time of crisis, it is important for investors to reduce the severity of the downfall in their portfolio by considering adding the so called “safe haven asset” into their portfolio. A safe haven asset is commonly defined as an asset that is able to maintain its value during crisis periods. In specific, an asset satisfies the strong safe haven condition when it is negatively correlated with another asset in the crisis periods (such as in a recession). An asset satisfies the weak safe haven condition when it is uncorrelated with another asset in the crisis periods. On the other hand, an asset is a hedge when it is uncorrelated with another asset on average. Gold is commonly perceived as a “safe haven” asset but its safe haven property has been questioned in recent years. Also, there are many other assets that might have superior safe haven properties than gold in which researchers have investigated in the past decades. These assets include government bonds, currencies, VIX futures, CDS (Credit Default Swaps), other precious metals such as silver, platinum and palladium, agricultural products such as wheat, cotton, and sugar and recently cryptocurrencies. For more information please contact Khun Nanthapak Pinyo at 091 479 4551, 02 218 4036 or researchseminar@sasin.edu.