Antiques, art, coins, stamps, jewellery, etc., are not included in the investment portfolios of financial institutions because

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Antiques, art, coins, stamps, jewellery, etc., are not included in the investment portfolios of financial institutions because their prices vary substantially, transaction costs are relatively high, and they are illiquid. All of these factors make it difficult for financial institutions to accurately value these assets and make investment decisions about them. As a result, they are often excluded from standard investment portfolios.

Antiques, Art, Coins, Stamps, Jewellery, Etc