Hello wine lovers,
Have you heard?
Barolo 2019 is a classic.
With Burgundy 2021 out of reach for mere mortals and the upcoming Bordeaux En Primeur 2022 expected to be tepid, suffice to say that I’ve spent all my time (and $$$) on Italian wines.
Last month, I focussed all my attention on Barolo 2019, which turned out to be a spectacular vintage; Bolgheri 2020 boosted my hopes further for a strong year of Italian releases. I’ll share the few gems I’ve purchased this month for the Saturnalia Model Portfolio, built using the Saturnalia wine investment platform. You can read the background of this project here:
What happened in the market?
The Saturnalia Model Portfolio (ex-cash) advanced by 1.4% in February. The Liv-ex 100 recorded positive gains of 0.4% during the same period. In relative terms, the portfolio outperformed the index by 1.0%.
While the Liv-ex 100 recorded its first positive move, after several months of decline since September 2022, th…
