From the initial analysis of investment opportunities to the sale of wines at the time of maximum appreciation, we fulfill our investment strategy and bring investors the desired appreciation while minimizing investment risks.
1 For us, investment starts with selection
We consider thorough analysis and subsequent selection of top wines to be one of the most important parts of the investment process, which is why we pay the utmost attention to it. Our portfolio managers, thanks to their knowledge of the investment wine market, are able to select wines that are most suitable for long-term investment in terms of quality and price.
2 Buying wine from trusted sources
In order to achieve an optimal investment portfolio composition, we purchase investment wine from several sources. Most often, this involves direct purchases from renowned wineries , so-called châteaux , from which we have obtained allocations, i.e. quotas for En Primeuer purchases, based on long-term trust. Another part of the purchases is made by portfolio managers as licensed brokers on the London Investment Wine Exchange (Livex) . In some cases, we also purchase wine through proven European specialized investment wine traders .
We thoroughly evaluate each investment opportunity and consider the most appropriate form of wine purchase. We achieve our investment goals through a suitable combination of bottled wine purchases and En Primeur investments.
3 Storing wine in specialized warehouses
To ensure the proper maturation of already bottled wine and the associated increase in its value, we store it exclusively in specialized bonded warehouses that guarantee constant temperature and humidity.
We only choose prestigious bonded warehouses in Bordeaux, France or London to store our wines. All wines are insured during storage and any transportation.
4 Valuing wine based on market prices
The assets and liabilities of the Sub-Fund are valued every regular half-year, on the dates of 30 April and 31 October; based on this valuation, the current value of the Sub-Fund's investment shares is determined, in CZK (Czech crowns) and EUR (euro). The assets and liabilities of the Sub-Fund are valued at the acquisition price and subsequently at the market price on the valuation date. The market prices of Investment Wines are determined on the basis of the valuation by the Association of Sommeliers of the Czech Republic zs. Further details are set out in the statute .
5 Selling wine at the right time
The overall return on investment is significantly affected by the time the wine is sold. In line with our investment goals, we consider the most appropriate time to be when the wine purchased at En Primeur is bottled and intended for sale in bottles or when the wine stored in the bottle has matured sufficiently to be consumed. It is at these times that the price increases significantly and thus the investment is valued the most. In the vast majority of cases, the time for wine to mature in the bottle is at least 5 to 10 years , but for very high-quality wines it may be appropriate to wait several decades before selling.