Missed out on the opportunity to make money from the cryptocurrency craze? How about cashing in on the rising demand for rare and limited-edition whiskies; at least, your money will be invested into something truly valuable. A group of Swedish scotch enthusiasts have come together to devise the world’s first publicly traded whisky commodity fund – The Single Malt Fund. Unlike similar NYSE-listed funds that invest in whiskey producing companies like Jack Daniel’s and Johnnie Walker, the unorthodox Single Malt Fund owns a large collection of rare and limited edition whiskies. “It’s essentially a commodity fund, but instead of gold we buy liquid gold,” says Christian Svantesson, the fund’s CEO and co-founder.
The rare whiskey market has witnessed considerable growth over the last few years. “In the past decade, the basket has averaged almost 25% growth per year – and we are opening up this opportunity to the broader masses,” Svantesson added. Data from Rare Whiskey 101 also shows that the value of a collection of the world’s 100 most valuable single malt whiskies has gone up 447% since 2010. The hockey-stick growth in the market makes this unique whiskey fund an alluring investment opportunity. The Single Malt Fund will be listed on the Stockholm-based Nordic Growth Market in March, and its investors will also have the option to buy single bottles from the fund’s online inventory.