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http://hdl.handle.net/1893/1223| Appears in Collections: | Accounting and Finance Journal Articles |
| Peer Review Status: | Refereed |
| Title: | Portfolio diversification benefits of investing in stamps |
| Author(s): | Veld, Chris Veld-Merkoulova, Yulia V |
| Contact Email: | c.h.veld@stir.ac.uk |
| Keywords: | alternative investments stamps Investments Postage stamps Stamp collectors Great Britain Stamp collectors United States |
| Issue Date: | 2007 |
| Date Deposited: | 22-May-2009 |
| Citation: | Veld C & Veld-Merkoulova YV (2007) Portfolio diversification benefits of investing in stamps. The Journal of Alternative Investments, 10 (1), pp. 56-61. http://www.iijournals.com/JAI/default.asp?Page=2&ISS=23971&SID=688993 |
| Abstract: | In November 2002 Stanley Gibbons, a large British stamp dealer, introduced the SG 100, an index for stamp investments. This index is used to study whether there are diversification benefits for British and American stock investors to invest in stamps. The Capital Asset Pricing Model regression of the mean monthly stamp index excess returns on the excess returns of stock indexes yields positive alphas for both British and American investors. This means that adding stamps to stock portfolios can improve the investment performance of both groups of investors. |
| URL: | http://www.iijournals.com/JAI/default.asp?Page=2&ISS=23971&SID=688993 |
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| Licence URL(s): | http://www.rioxx.net/licenses/under-embargo-all-rights-reserved |
| File | Description | Size | Format | |
|---|---|---|---|---|
| Portfolio-diversification-benefits-of-investing-in-stamps.pdf | Fulltext - Accepted Version | 122.11 kB | Adobe PDF | Under Embargo until 3000-12-01 Request a copy |
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