If the ongoing Brexit saga (and, er, Trump’s win today) is enough to make you turn to drink, well, maybe you should.
Investors in fine wine have been the surprise winners of the Brexit fall out, with vintage wine the top investment class of 2016 so far.
The London International Vintners Exchange (known as Liv-ex) is an exchange for investment-grade wine. Its benchmark index is the Liv-ex Fine Wine 100 which represents the price movement of 100 of the most sought-after fine wines for which there is a strong secondary market. Calculated monthly, the Liv-ex Fine Wine 100 is now up 22.3 per cent on the year-to-date, following 11 consecutive months of positive gains.
The rise comes at a time when rock bottom interest rates mean other assets, such as bonds, are returning next to nothing. The stock market, meanwhile, is suffering from ongoing uncertainty both in the Eurozone and the US.
Peter Shakeshaft, chief executive of fine wine investment experts Vin-X, says fine wine does particularly well during times of economic uncertainty.
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