|
The Single
Malt Fund which is listed on the Nordic
Growth Market exchange in Stockholm,
Sweden targets investors in the UK.
The Single Malt Fund – the world’s
first regulated and publicly listed
single malt whisky fund – has arrived in
the UK.
Supervised by the Swedish Financial
Supervisory Authority and listed on the
Nordic Growth Market (NGM) exchange in
Stockholm, Sweden, The Single Malt Fund
aims to raise a maximum € 25 M, and has
already started to collect capital from
Sweden’s retail investors.
Having been operational for six months,
the next phase of growth will see the
Fund targeting professional investors
via UK wealth managers and family
offices, with a minimum investment of
€100,000 per investor.
As the only regulated and listed
‘passion pursuit’ on the market, The
Single Malt Fund is aiming to tap into a
growing demand among high net worth
individuals for investing in alternative
assets as part of a balanced portfolio
approach.
Over the period from December 2014 to
June 2019, Rare Whisky 101’s leading
index for rare whisky, the Apex 1000
Index, which tracks the best performing
1000 bottles of rare whisky, rose by
162.22%, outperforming the Liv-Ex Fine
Wine 1000 (39.58%), FTSE 100 (13.09%),
Brent Crude (11.09%) and Gold (19.16%).
Since launching earlier this year, The
Single Malt Fund has established its
headquarters in Dublin and recruited Ed
Forrest a senior executive with over 25
years’ experience at LVMH and Diageo, to
run operations for the Fund, including
responsibility for buying and selling
whisky for the Fund. Three of the Fund’s
most notable investments to date
include:
- A cask of 1977 Littlemill – some of
the oldest available single malt whisky
from the oldest distillery in Scotland.
- Port Ellen 37 YO: a once in a
generation cask whisky. Only 174 bottles
released worldwide.
- A full collection of the Midleton Very
Rare releases. The most prized
collection of Irish whiskey available.
Unlike other whisky-focused funds, The
Single Malt Fund’s whisky under
management will also be made available
for sale as and when it realises its
investments. The Fund’s current
investment strategy is focused on
turning over 60% of its stock per year.
Sales of its rare and collectible whisky
will be managed through an online store
which will launch early in January, when
the Fund plans to start turning over its
investments.
A key characteristic of the Fund’s
investment strategy is that it focuses
on buying from the primary market,
including producers, distillers and
distributors, below the market price,
using the margin to hedge against
secondary market price fluctuations.
Single Malt Fund CEO Christian
Svantesson said:
"The Single Malt Fund is unique in that
we are not only creating a vehicle for
whisky enthusiasts to invest in whisky.
We are also allowing them to indulge in
their passion by providing first access
to bottles of rare and collectable
whisky once the Fund decides to sell.
"By launching this fund, we are tapping
into a growing demand among high net
worth individuals for investing in
alternative assets such as art, wine,
cars and watches. However, unlike any
other passion pursuit, The Single Malt
Fund is regulated and listed on a public
exchange, making our investment process
fully transparent. We believe that this
strong corporate governance, aligned to
whisky’s strong performance in the
secondary market, will appeal to the
clients of wealth managers and family
offices, offering a truly unique
investment proposition."
For more information, visit
www.thesinglemaltfund.com
|
