Fox Business Interviews Sergio Esposito about the BAF : Inside IWM

Posted on | June 12, 2013 | Written by IWM Staff | No Comments

Fox Business News reporter Tracy Burns interviews IWM?s Founder, Sergio Esposito on the Bottled Asset Fund, the Italian wine investment fund he started a few years ago. Go here to watch the full video and read the article. Tracy sums up the business of the BAF:

Wine lovers and Wall Street pros see the value and want to invest. So it?s no surprise a wine investment fund would surface. The Bottled Asset Fund (BAF), launched in 2010, is the world?s first Italian-focused fine wine investment fund.

The market for Italian wine is growing globally, with export markets, like Asia, driving up value. Hence, the BAF currently is projected to return profits to its investors, net of fees, of over 30 percent. Can?t even get close to that investing in the stock market these days.

Most recently the fund bought the historic collection of Biondi-Santi Brunello di Montalcino valued at $5 million. The Biondi-Santi estate is widely recognized as the creator of Italy?s most important wine, Brunello di Montalcino, and, more importantly, it introduced wines for long-term aging to the Italian wine culture.

While the BAF?s recent acquisition of the Biondi-Santi Brunello collection is only the most recent large scale collection, it has received a lot of press and interest. What this means for the Italian wine market remains to be seen, but given the success of the BAF, it?s easy to understand that all of these pieces illustrate the new position that Italian wine holds in the global market.

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Source: http://www.insideiwm.com/2013/06/12/fox-business-interviews-sergio-esposito-about-the-baf/

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