French fund bets on wines as safe-haven investments
French fund bets on wines as safe-haven investments
Jun 12, 2012 6
(Reuters) - French asset management company Uzes Gestion recently toasted the launch of its Uzes Grands Crus wine fund created to lure investors with a thirst for fine wines and profits.
Similar funds exist outside of France, but theirs is the first regulated by French authorities and likely will appeal to French and other investors. It also couldn't come at a better time. Investors weary of traditional equity funds have the option of an asset class that has proven resilient despite the current euro zone financial crisis.
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