Avarae Global fund offers coin diversification

Coin collecting is emerging as an alternative asset class in its own right, according to Ian Goldbart...

Coin collecting is emerging as an alternative asset class in its own right, according to Ian Goldbart, adviser to the £6m Avarae Global fund. The product, which launched on Aim in May, invests solely in global coins and is aimed at investors seeking to diversify their portfolio with an uncorrelated alternative asset. “Coin collection is becoming its own asset class,” said Goldbart. “The coin market is changing, old-school collectors have been joined by investors seeking coins as a commodity.” Goldbart noted that the asset is not a short-term investment, with the fund launched to achiev...