Veld, C. and Veld-Merkoulova, Y. (2007) Portfolio diversification benefits of investing in stamps. Journal of Alternative Investments, 10(1), pp. 56-61.
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Abstract
In recent years, investments in collectibles, such as wine and art, have received increased attention. However, very little research has been done on investments in stamps. This is remarkable, because there are more than 30 million stamp collectors worldwide and there is an active trade in stamp collections. In November 2002 Stanley Gibbons, a large British stamp dealer, introduced the SG 100, an index for stamp investments. This article examines the benefits of investments m stamps to both U.K and U,S. investors. The results show that for a British (UK) investor the returns on the stamp index are lower than for stock indexes such as the FTSE 100 and the FTSE 350. However for American investors, the unhedged returns slightly outperform returns on stocks.
Item Type: | Articles |
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Status: | Published |
Refereed: | Yes |
Glasgow Author(s) Enlighten ID: | Veld, Professor Chris and Veld-Merkoulova, Professor Yulia |
Authors: | Veld, C., and Veld-Merkoulova, Y. |
College/School: | College of Social Sciences > Adam Smith Business School > Accounting and Finance |
Journal Name: | Journal of Alternative Investments |
ISSN: | 1520-3255 |
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