Wine outperforms equities amid bubble warning
Wine outperforms equities amid bubble warning
Nov 23, 2011 6
(Telegraph) - Wine was the top performing asset class last month, outperforming the FTSE, Dow Jones and the gold price. Wine has outperformed equities, gold and oil, according to the latest monthly figures. A report from The Bordeaux Index revealed wine is the asset class that lost the least value in October.
The FTSE 100 lost 8pc last month, and the Dow Jones index fell 9.5pc – but wine was the most defensive asset losing only 4.3pc, while gold fell 5.6pc in October.
Wine has also outperformed the FTSE so far this year, falling just 4.4pc compared to the blue-chip index fall of 6pc.
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