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Wine investment is experiencing renewed investor interest. This is evident in the UK's Live-ex 100 Benchmark Fine Wine price index, which reached 301.08, its highest level since November 2011. Throughout 2016, the wine price index yielded a 24.8 percent return for investors, exceeding the 19 percent return of the FTSE 100, an index comprising leading UK stocks.
According to Bloomberg, emerging market players speculate that the stock market is currently at a high and vulnerable to profit-taking. Investors are turning to wine investment, viewing it as a safe haven, similar to gold.
Christ Smith, Investment Manager of Wine Investment Fund Ltd, stated that his company achieved a 17 percent return in 2016, increasing its asset value to US$310 million. For 2017, the wine index is projected to rise by 18 percent, potentially reaching its all-time high of 364.69, recorded in June 2011.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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