| Abstract [eng] |
In the context of increasing economic and political uncertainty, investors are seeking alternatives to traditional investments in order to achieve optimal returns with minimal risk. Given the recent events such as the COVID - 19 pandemic and the Russia-Ukraine conflict, a more comprehensive analysis is warranted to better understand the benefits of alternative investments for portfolio diversification during these periods. While the scientific literature has explored the properties of alternative asset hedging, there is a lack of studies evaluating portfolio construction and effectiveness, particularly in examining asset classes such as real estate funds and various cryptocurrencies. Additionally, in times of economic and political uncertainty, where minimizing losses is crucial for investors, there is a noted shortage of research assessing portfolio efficiency considering uneven return distributions, asymmetry, and negative return deviations from the mean. |
