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A Look at Liv-ex's New Port 50 Index

  • Anthony Maxwell, Liv-ex Director

  • 06 Dec 2018 | News & Views

Liv-ex has created the Port 50 Index, which tracks the price performance of the last ten vintages of the five most actively traded Port wines: Dow, Fonseca, Graham, Taylor and Warre.

As the chart below demonstrates, the Port 50 has been climbing slowly and steadily. It has shown very little volatility since its earliest point in January 2005.

Since then, the Index has risen by 64.2%. In contrast, the Liv-ex 1000—the broadest measure of the market—has risen by a much larger 242.8%. Although this might not excite speculators, it does suggest that relative value might be found in Port; a theme that we will return to in the coming weeks.

https://robert-parker-content-prod.s3.amazonaws.com/media/image/2018/11/21/a1b5d3f80bb04b908d9f91073ee6feea_port_50_index_credit_liv_ex.png

When it comes to the Port 50 Index’s constituents, Dow has emerged as the best performer. (This can be seen in the chart below.) 

https://robert-parker-content-prod.s3.amazonaws.com/media/image/2018/11/21/f7dfa0da12fe438ab347b477d0b5bcbe_liv_ex_port_50_sub_indeces_performance_credit_liv_ex.png

Readers should take note that the views of this author represent those of a company with an interest in the wine trade. Liv-ex operates the global marketplace for fine wine. It offers trading, data and settlement services to professional buyers and sellers of fine wine. Private collectors can view Liv-ex prices and value their portfolios using Cellar Watch and find regular market analysis on the blog. The opinions of Liv-ex are their own and do not represent those of Robert Parker Wine Advocate or Wine Journal. Liv-ex contributes articles to Wine Journal that we feel are of market relevance to readers, but we do not specifically endorse this company.

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