An exclusive look at Hong Kong's love affair with collectibles...



2015-06-26 12:03:30

An exclusive look at Hong Kong's love affair with collectibles...

A new report has found that Hong Kong's investors are confident - especially about tangible assets

Regular readers will be aware that Hong Kong has been moving forward in leaps and bounds as the centre for auctions in all manner of high-end collectibles: from stamps to wine, and from art to rare coins and banknotes.

Now a report from Friends Provident International, published on June 28, 2010 has given a corresponding measure of investment confidence.

Surveying investors in Hong Kong, Singapore and the United Arab Emirates (UAE), they found that those in Hong Kong were particularly bullish about investment in the financial markets, and that they particularly favoured collectibles.

The report will form the first ever segment of an intended Friends Investor Attitudes Index, and referred to the second quarter of the financial year. It found that only 2% of those surveyed would not invest in the the current market conditions.

The investments they favoured most were not traditional shares, nor cash, but tangible investments.

Chinese Red Revenue rare stamp The Red Revenue overprint sold for a World Record Price at InterAsia auctions

Friends Provident International's Hong Kong spokesman, explains:"The results of our debut survey shows investors in Hong Kong have abullish attitude towards investment in the second quarter of 2010. Gold,equities and collectables are the top three favourites.

"Interestingly, goldand collectables like antiques, art, jewellery, stamps, wine and vintage carsare real and hard assets. This reflects investors' concerns about inflationand their preference for non-structured assets."

It has become commonplace in recent times for financial advisors to suggest diversifying into tangible investments as a way of reducing risk, due to their lack of correlation with share prices, but in Hong Kong investors are leading the way in using collectibles to head their portfolios.

Learn how you can get pleasure and profit from tangible investments

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