The fund, named the Uzes Grands Crus wine fund, has been launched in order to meet demand from those who believe that investing in fine wines is a good safe-haven option at a time when the stock markets are very volatile. “The fact that the Eurozone is still extremely unstable is putting European investors off of putting their money into the equity markets,” explained AAA’s analysis partner, Anthony Johnson.
Another firm that helps investors buy fine wines whose values are likely to increase in the future is Cavissima, which is run by Thierry Goddet. He explained more about the attraction of wine investments to the Financial Times readers: "With the debt crisis crippling financial markets, we've seen new investors flocking in, as they look for defensive investments."
The new fund, launched by Uzes Gestion buys up cases of fine wines made by lesser known vineyards and for a reasonable price. It then hopes to store the wines and sell on at later date for more money – thus delivering solid returns to investors. The fine wine trade is growing at the moment, not least due to the increasing demand in China, where the newly wealthy population is developing a taste for the tipple.
Mr Johnson explained, “The fine wine investment market is driven by the fact that investors want something tangible in exchange for their cash. They are increasingly keen to obtain something with an intrinsic value, such as timber, art, wine and precious metals, instead of risking everything on the stock market, which has proven unstable in recent years.”
AAA backs ethical investments and many kinds of alternative asset classes, such as timberland investments through firms like Greenwood Management that operate in Brazil and Canada.
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