Main Article Content
In this paper it is critically tried to examine whether financial investors can get potential hedge or can diversify their portfolio by adding emotional assets to their portfolio, particularly by the current time period when an economy is going through both the financial and economic issues. Data for the preparation of this term paper is mainly collected from the research and studies of research articles in order to compute the existence of correlation among multiple emotional assets like diamonds, stamps, art, and violin over the period of time with those of other primary classes of an asset and particularly the stocks and bonds. Studies along the findings of different researchers over the time period regarding an emotional assets as an opportunity of alternative financial investment is used in this paper to fulfill the aims of study. The diversification in light of Mean and Variance advancement appears to give confirmation that these diamonds, arts and other collectibles can definitely provide better enhancement advantages to financial investors is additionally discussed in this paper. Among substitute assets, Real estate additionally turns out to be very a good investment from the financial point of view while on the other hand the silver or gold are being much more unconcerned. Business sector of an emotional asset is gradually increasing now a day because of the additional imperfections incurring in an economy due to which the returns of the government securities specifically bonds and stocks change dramatically.