In 2018 most of the wine region indices finished the year on a positive note, especially Burgundy, which delivered a significant +34.8% return and hit a record high level of 600 in November of last year. However, market data from the end of 2018 and early 2019 have indicated a broader-based cooldown in the fine wine market.
We expect growth for these regions to continue this year, but at a slower pace. Considered as a lower-risk region, Italy maintained its momentum and can potentially provide investors with a safety cushion in case of higher volatility in the wider wine market.
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