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Please use this identifier to cite or link to this item: http://purl.umn.edu/139663

Title: To Save or Savour: A Review of Wine Investment
Authors: Fogarty, James Joseph
Sadler, Rohan
Authors (Email): Fogarty, James J. (James.Fogarty@uwa.edu.au)
Keywords: Alternative Assets
Portfolio Optimisation
Issue Date: 2012-11-23
Series/Report no.: Working Paper
1212
Abstract: It has been argued that adding wine to an investment portfolio provides a diversification benefit. There is not, however, agreement on how the return to wine should be estimated. Nor is there agreement on a standard approach to test for a diversification benefit. By considering different approaches to estimating the return to wine and testing for a diversification benefit it is shown that claims wine provides a diversification benefit should be treated with caution.
URI: http://purl.umn.edu/139663
Institution/Association: University of Western Australia, School of Agricultural and Resource Economics>Working Papers
Total Pages: 33
Collections:Working Papers

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