“As well as being a tangible asset, fine wine investment has virtually zero correlation with the stock market, making it stable even during times of economic uncertainty. During the recession of 2007/8 the S&P 500 plunged 38.5%. In contrast, the Liv-ex 1000, the market-leading index for fine wine, dipped by just 0.6%. The same pattern emerged in March 2020 when the S&P 500 fell by 25% while the Liv-ex 1000 slipped barely 4%.”
Read the full article here.
