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Standard Bank Jersey Presents Alternative Wine Fund

by Jason Gorringe, Lowtax.net, London
29 July, 2015

Standard Bank Wealth and Investment in Jersey has teamed up with wine merchants Berry Bros. & Rudd to provide clients with direct access to investment into wines, a popular alternative asset class.

Berry Bros. & Rudd are Britain's oldest wine and spirit merchants, founded in 1698. The association with Berry Bros. & Rudd will enable Standard Bank Wealth and Investment clients to build their own bespoke investment cellars through dedicated portfolio managers, and will also provide the full Berry Bros. service including educational courses and unique events as well as trading functionality through BBX, the online wine trading market place.

The Knight Frank Luxury Investment Index tracks luxury assets, including jewelry, art, stamps, coins, classic cars, and wine. Over the past ten years, the index has risen 205 percent, with wine outpacing this growth in gaining 234 percent over the same period.

Deon de Klerk, Head of Standard Bank Wealth and Investment, Africa and International, said: "Our priority is to our clients and understanding what really matters to them. While we have real in-house expertise in the more traditional asset classes, which continue to be at the core of their portfolios, we can't ignore the fact that our clients are also interested in alternatives and luxury investments. In addition, wine collection and enjoyment form part of many of our clients' chosen lifestyles. We have recognized this increasing interest in tangible investment assets due to their scarcity, ability to hedge against inflation and the fact they are uncorrelated to the financial markets. I am pleased to say that our association with Berry Bros. & Rudd will now give our clients direct access to top class expertise in this field."

A recent report from PwC, "Alternative Asset Management in 2020: Fast Forward to Center Stage," said that funds in the Channel Islands are expected to benefit greatly from forecasts of growth in investment in alternative assets. The report said that investments in alternatives could double from their current level to reach USD15.3 trillion by 2020.


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