Much like the S&P 500 is the benchmark index for U.S. stock performance, the London International Vintners Exchange—commonly known as the Liv-ex—is the benchmark for the fine wine market. The Liv-ex Fine Wine 100 has risen by 270.7% over the two decades spanning July 2001 to July 2021, outperforming the S&P 500 by 8 percentage points over the same period, though only when you consider the index’s performance without dividends reinvested. When dividends were reinvested, the S&P 500 outperformed Liv-ex by 60% over the same period.
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