Object

Title: Alternative investments in precious metals

Title in english:

Inwestycje alternatywne w metale szlachetne

Creator:

Siemaszkiewicz, Karolina

Description:

Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu = Research Papers of Wrocław University of Economics; 2019; vol. 63, nr 12, s. 125-137

Abstrakt:

The alternative investments industry has become an important part of the global economy and financial system, in which one can consider hedge funds, precious metals and other commodities or art investments. This paper analyses the potential benefits from adding precious metals (gold, silver, platinum) and also copper to portfolio investments from the perspective of investors from the Czech Republic, Hungary, Poland, and Slovakia, compared to those of German Stock Exchange. The PX, BUX, WIG, SAX and DAX indices were used to represent the market. The analyses cover the period 2007-2018 to compare the different performance of stock exchange indices at that time. The authors compare diversified portfolios using the Sharpe, Treynor and Jensen coefficients and beta coefficient. The beta coefficient, in most considered periods, of precious metals is at a low positive or even negative level. This may show that precious metals can be considered as alternative investments. However, one has to remember that each of these metals is characterized by different investment characteristics such as return rate of risk and volatility

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2019

Resource Type:

artykuł

Resource Identifier:

doi:10.15611/pn.2019.12.10 ; oai:dbc.wroc.pl:75701

Language:

eng

Relation:

Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu = Research Papers of Wrocław University of Economics; 2019; vol. 63, nr 12

Rights:

Pewne prawa zastrzeżone na rzecz Autorów i Wydawcy

Access Rights:

Dla wszystkich zgodnie z licencją

License:

CC BY-NC-ND 3.0 PL

Location:

Uniwersytet Ekonomiczny we Wrocławiu

Edition name Date
Alternative investments in precious metals Jun 11, 2022
×

Citation

Citation style:

This page uses 'cookies'. More information