Could Diamond Improve the Efficiency of Return/Variation?
Date Issued
2008
Date
2008
Author(s)
CHIA-JUI, LIN
Abstract
Diamond may serve as an investment vehicle, not just one of the luxury goods. Starting from a portfolio point of view, we apply the concept of mean-variance efficiency developed by Markowitz (1952) to verify the findings of Brocato and Steed (1998).When diamonds are included in a portfolio comprised only of stocks and bonds, return is found to be higher and/or risks is found to be lower, moving the efficient frontier northwestward. We also update the market of diamonds and discuss the do’s and don’ts when making diamond investments.
Subjects
Diamond
Mean
Variation
Portfolio
Efficient Frontier
Type
thesis
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Name
ntu-97-P95745006-1.pdf
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23.32 KB
Format
Adobe PDF
Checksum
(MD5):800243f78c79bc21b9ef2a04538a16aa