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1、ALTERNATIVE INVESTMENT REPORT04 WHY ALTERNATIVES?05 WHICH ALTERNATIVES FOR THE CURRENT ENVIRONMENT?06 FINE WINES CREDENTIALS 11 FINE WINES IMPACT ON A PORTFOLIO12 APPENDIX 1,2&3CONTENTSCULT WINES|WINEINVESTMENT.COM3A healthy investment portfolio will have a range of assets to target diversified sour

2、ces of return and to provide stability.Increasingly,investors are incorporating exposure to so-called alternative assets into their investment portfolios.Some studies expect alternative assets to grow by nearly 10%per year over the next five years.In this report,we look at the potential benefits of

3、alternative assets and examine how fine wines performance track record and market dynamics make it an attractive option to include in an alternative asset exposure.EXECUTIVE INTRODUCTIONKEY HIGHLIGHTS:Alternative assets are growing in prominence as they offer diversification,hedges against tradition

4、al market risks and enhanced return opportunities.Real assets can be particularly attractive amid expensive equity and bond markets that are susceptible to shifts in government and central bank policy.Fine wines track record of low volatility and low correlation to equity markets make it a suitable

5、option for an alternative asset allocation.The supply-demand dynamics,accessible entry points,and ongoing growth of the fine wine market support its credentials as an alternative investment.CULT WINES|WINEINVESTMENT.COM4cryptocurrencies and non-fungible tokens are also gaining acceptance as viable i

6、nvestment alternatives by wider audiences.The various alternative assets can have very different qualities and investment characteristics but many of these assets often have lower liquidity than mainstream markets,can be traded privately as well as publicly,and might have limited data or verified tr