What a start to the year.
Mainstream assets tumbled, besides commodities, as market sentiment soured and investors went into risk-off mode. Russia-Ukraine conflict and the escalating COVID outbreak in China injected uncertainty and exacerbated inflationary concerns, driving big intraday volatility in most markets.
Yet, fine wine maintained its composure and continued its steady ascent, offering stability and returns against a very contrasting backdrop and highlighting one of the key benefits of investing in this asset class.
All regions, as they did last year, posted gains. The leaders in 2021, Burgundy and Champagne, have continued to shine, both seeing growth with new releases.