Liv-ex 100 Fine Wine Index.
“The wine world's version of the S&P500."
(Financial Times)

The first spread bet contract to trade a basket of the world’s top wines

The Liv-ex 100 Index is the fine wine industry’s leading benchmark.  ODL Markets have created the first spread bet contract to trade a basket of the world’s top wines. To trade the Liv-ex 100 click here.

Fine Wine has outperformed the majority of other equities in recent years – a trend that has accelerated since last summer.

 

Performance Comparison of Live-ex 100 Wine Index against major equity indices and gold over last 5 Years (% gain/loss)
	2003	2004	2005	2006	2007	ytd	5 yr
Liv-ex 100   Wine Index	2.0	-3.0	18.6	48.7	40.4	7.7	144
FTSE 100	13.6	7.5	16.7	10.7	3.8	-6.3	64
S&P 500	26.4	9.0	3.0	13.6	3.5	-4.6	67
Nikkei 225	24.5	7.6	40.2	6.9	-11.1	-6.3	78
Gold	10.4	-3.4	31.9	8.7	28.7	7.9	97

 

• Performance comparison information provided by Liv-ex 100
• All indices values in local currency, values taken on last trading day of year (source: www.yahoofinance.com), except  ytd, taken on last trading day of March 2008
• Gold price is London PM Fix in GBP taken (source: www.thebulliondesk.com), taken on last trading day of year, except for ytd, taken on last trading day of May 2008
• 5 year figure is full 5 years up to last trading day in Dec 2007

 

Why trade The Liv-ex?

Fine Wine has outperformed the majority of other equities in recent year

Whether you are looking to diversify your financial portfolio into a different asset class, aiming to hedge your cellar against a downturn or simply want to speculate on the price of wine, you can now trade simply and easily on our platform.

The Live-ex 100 offers a mechanism for you to buy or sell a contract that incorporates some of the finest wines available, including the likes of Latour, Lafite Rothschild, Haut Brion, Petrus and many more.

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Fine wine industry’s leading benchmark

Fine Wine has outperformed the majority of other equities in recent year

The Liv-ex 100 Index is the fine wine industry’s leading benchmark. It represents the price movement of 100 of the most sought-after fine wines for which there is strong secondary market and is calculated monthly. The majority of the index consists of Bordeaux wines – reflecting the overall market – although wines from Burgundy, the Rhone, Champagne and Italy are also included. The index is calculated using Liv-ex Mid Prices and is then weighted to account for original production levels and increasing scarcity as the wine ages. As such, the index is designed to give each wine a weighting that corresponds with its tradability in the market.

 

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Calculating Liv-ex 100 Index

In order to qualify for the index, wines must have attracted critical acclaim from a leading critic (a 95-point score and above) and attract a regular market on Liv-ex. They must also be physically available in the UK market, so recent vintages that are only trading on an en primeur basis are ineligible. The wines included in the index are reviewed on a quarterly basis by committee.

The Liv-ex 100 Index is calculated using the Liv-ex Mid Price for each component wine. The Mid Price is the most robust measure for pricing wines available in the market and is calculated by finding the mid point between the current highest bid price and lowest offer price on the Liv-ex trading platform. Each price is then verified by our valuation committee to ensure that the number is robust after taking into account all data at our disposal, including merchant offer prices and historical Liv-ex transaction prices.

The Liv-ex Mid Price for each wine is then multiplied by the wines average production level – such as 20,000 nine litre cases – with this figure gradually reduced as the wine ages.  When the wine reaches 25-years from vintage it is removed from the index as available volumes are too low to attract a strong secondary market and it, therefore, no- longer reflects the wider market.

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Liv-ex 100 Index spread bet Specifications

Fine Wine has outperformed the majority of other equities in recent years

Liv-Ex is an electronic trading and information platform for a global network of wine merchants professional traders and offers a number of services to its retail client base.

Price calculation: basis Liv-ex 100 Index quarterly settlement price.

Weighting:  calculated to include price, production and scarcity

Bordeaux (Red) 92.36%
Bordeaux (white) 1.11%
Burgundy (Red) 1.34%
Champagne 3.64%
Italy 0.64%
Rhone 0.91%

Contract: Quarterly

Contract name: Liv-ex 100 Index

Basis of settlement: cash

Settlement price: liv-ex monthly committee price (see Calculating Liv-ex 100 Index)

Spread: 5 points

Margin Requirement: 10% of notional value

Minimum stake size: 1 pound a point

Maximum total stake size: £50 per point.

Last trading date: 4.30pm on the last business day of the trading month

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Liv-ex 100 Index Constituents

 

Regional Weighting

Bordeaux (Red)	94.62%
Bordeaux (White)	0.85%
Burgundy (Red)	1.02%
Champagne	2.96%
Italy	0.55%

 

The Wines

Cheval Blanc	2005
Cos d'Estournel	2005
Haut Brion	2005
Lafite Rothschild	2005
Latour	2005
Leoville Las Cases	2005
Margaux	2005
Mission Haut Brion	2005
Mouton Rothschild	2005
Palmer	2005
Pavie	2005
Latour	2004
Lafite Rothschild	2004
Ausone	2003
Haut Brion	2003
Pichon Lalande	2003
Cos d'Estournel	2003
Lafite Rothschild	2003
Latour	2003
Leoville Barton	2003
Leoville Poyferre	2003
Margaux	2003
Montrose	2003
Mouton Rothschild	2003
Ausone	2002
Latour	2002
Latour	2001
Petrus	2001
Ausone	2000
Cheval Blanc	2000
Haut Brion	2000
Lafite Rothschild	2000
Latour	2000
Leoville Barton	2000
Leoville Las Cases	2000
Leoville Poyferre	2000
Lynch Bages	2000
Margaux	2000
Mission Haut Brion	2000
Montrose	2000
Mouton Rothschild	2000
Petrus	2000
Pichon Baron	2000
Pichon Lalande	2000
Ausone	1999
Lafite Rothschild	1999
Cheval Blanc	1998
Haut Brion	1998
Lafite Rothschild	1998
Mouton Rothschild	1998
Petrus	1998
Ducru Beaucaillou	1996
Lafite Rothschild	1996
Latour	1996
Leoville Las Cases	1996
Margaux	1996
Pichon Lalande	1996
Grand Puy Lacoste	1995
Haut Brion	1995
Lafite Rothschild	1995
Latour	1995
Leoville Las Cases	1995
Margaux	1995
Mouton Rothschild	1995
Petrus	1995
Pichon Lalande	1995
Cheval Blanc	1990
Cos d'Estournel	1990
Haut Brion	1990
Latour	1990
Leoville Las Cases	1990
Margaux	1990
Montrose	1990
Petrus	1990
Pichon Baron	1990
Troplong Mondot	1990
Haut Brion	1989
Lynch Bages	1989
Mission Haut Brion	1989
Petrus	1989
Cos d'Estournel	1986
Lafite Rothschild	1986
Leoville Las Cases	1986
Margaux	1986
Mouton Rothschild	1986
Pichon Lalande	1986
Talbot	1986
Margaux	1983
Yquem	2001
Yquem	1990
DRC, Assortment	1999
DRC, Assortment	1996
DRC, Assortment	1995
Louis Roederer Cristal	1999
Dom Perignon	1996
Krug	1996
Krug	1990
Krug	1988
Ornellaia	2001
Ornellaia	2004

 

Wines Recently Removed

30th June 2008

Jaboulet Aine, Hermitage Chapelle	1990
Clos Papes, CNDP	2003
Guigal E, Cote Rotie Landonne	1998
Guigal E, Cote Rotie Turque	2003
Guigal E, Cote Rotie Mouline	2003
Guigal E, Cote Rotie Landonne	2003
Chave JL, Hermitage	2003
Comte de Vogue, Musigny Vv	2001
Lafleur	2000
Ducru Beaucaillou	2003
Pontet Canet	2003

 

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Find out more about Liv-ex 100 Wine Index

Find out more about the Liv-ex Fine Wine Exchange at the Liv-ex website
www.liv-ex.com

 

Find out more   Find out more about the Liv-ex Fine Wine Exchange at the Liv-ex website www.liv-ex.com