To Save or Savour: A Review of Wine Investment

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.


Issue Date:
Nov 23 2012
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/139663
Total Pages:
33
Series Statement:
Working Paper
1212




 Record created 2017-04-01, last modified 2017-08-26

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