7 posts Posts by manuel.cuervo@finewinepcc.com

Latest Investor Update Available for Download

The latest Investor Update is available to advisers and investors. Please click on the PDF link below in order to download the letter which went out to all investors last week. Those advisers whose clients invested through a wrap or pension should be aware that all corporate actions correspondence are sent to the pension trustees or wrap administrator and not the underlying investors. For any further questions, please contact us. Latest Fine Wine Update Letter

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Fine Wine PCC Orderly Wind Up

Whilst the outlook for fine wine may be encouraging, recent regulatory changes make it all but impossible for UK professional advisers to promote unregulated collective investment schemes (UCIS) (which the Fund is, albeit a listed Guernsey regulated investment fund). With no prospect of attracting new investors, despite the best endeavours of all parties concerned and even with the Fund’s service providers having worked, and continuing to work, at significantly reduced fee levels, the Fund’s costs …

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Important Notice – Compulsory Redemption & Suspension of Determination of NAV

FINE WINE PCC LIMITED (the “Company”) Registration Number: 47976 Fine Wine PCC Limited – Bordeaux Fund (the “Cell”) COMPULSORY REDEMPTION; SUSPENSION OF DETERMINATION OF NAV; SUSPENSION OF DEALINGS & WIND-DOWN OF CELL Pursuant to the Company’s Articles of Incorporation and the Information Memorandum, the Company’s Board of Directors wishes to announce that on 24 January 2014, it was resolved: • to compulsorily redeem all the outstanding redeemable ordinary shares of the Cell (“Shares”); • to …

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Have the Prospects for Fine Wine Returns Changed?

Chris Smith has prepared a new research note providing a fascinating insight into the prospects for the Fine Wine market. For many years we and others have highlighted the potential for fine wine investments to generate ‘double digit’ returns (i.e. in excess of 10% per annum). Although the long-run data still supports this, the last few years have been disappointing. Investors entering the market in the last 3 years have seen low or negative returns …

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Wine Fund ditches gearing and returns to form

The Fine Wine PCC Limited Bordeaux Fund (“the Fund”) was launched in 2008 as the ideal way for pensions and wealth managers to securely access the growing investment market in Bordeaux investment grade wine. This Guernsey domiciled, listed OEIC has returned to form after the negative effects of gearing. It is now perfectly positioned to take advantage of a predicted 14% rise in Liv -ex for 2013 recently made by the Fund’s Manager. With an …

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May Brings Stabillity to the Fine Wine Market

The fine wine market remained stable in May, with reasonable volumes on both sides of the market leading to virtually unchanged prices. The Liv-ex Investables was exactly flat (0.0%) while the Liv-ex 100 fell by just 0.3%.

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Market Outlook: Chris Smith

Although the underlying market remains robust, there have been two recent developments which represent possible clouds on the horizon. First, China is considering increasing import duties on European wines as a retaliatory measure in a trade dispute which began with the EU imposing tariffs on Chinese solar panels. There is a suspicion that China has targeted wine because the EU trade commissioner who took the decision on solar panels is also a Tuscan wine producer.

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