Adaptive Models

Abstract

In this study, we have studied the role of artificial intelligence (AI) in the domain of portfolio management. There has been an exponential growth of AI-based models in how optimization is achieved within the mean-variance framework. We have primarily analyzed the bibliometric data for the article published on the present theme. The Scopus database was utilized to search for the articles from 2005 to 2024. The citation analysis was performed using the VOSviewer software. The study provides insights for researchers to identify sources for conducting the preliminary literature review, identify the research gaps, and develop relevant AI-based models for implementing optimization in the investment domain. Finally, we have also provided a detailed account of various AI-based models, their evolution, mapping specific models with the optimization objectives.