96% of UK-based wealth managers expect fine wine investing to increase

It is the leading ‘passion asset’ ahead of watches and luxury handbags

|

A report by WineCap has revealed that 96% of UK wealth managers expect demand for fine wine to increase.

The study, which was conducted among 50 UK-based wealth managers and financial advisers who only have high net worth (HNW) clients, also found 60% of respondents saying that the demand to invest in the asset will increase ‘significantly’.

This makes fine wine the leading “passion asset”, with watches (86%) second and luxury handbags (80%) in third, respectively.

UK wealth managers and advisers estimate that over 40% of their HNW client base already invest in fine wine, with an average portfolio allocation of 10%.

Fine wine’s increasing prevalence among the portfolios of HNW individuals shows that it has now become a genuine alternative asset and a highly effective portfolio diversifier alongside other alternatives such as hedge funds, real assets and private capital.

MORE ARTICLES ON