Swedish entrepreneur launches ‘world’s first’ regulated whisky investment fund

A Swedish whisky enthusiast has launched what claims to be the world’s first regulated and publicly-listed single malt whisky investment fund.

Christian Svantesson’s Single Malt Fund gives investors the chance to indirectly own a part of large collection of rare and limited edition whiskies.

It will be regulated by the Swedish Financial Supervisory Authority and trade on the Nordic Growth Market in Stockholm.

The venture is a response to a surge in interest in whisky investments which has seen the average UK auction price of a bottle rise from £223.60 to £299.36 in the past five years.

A recent survey by broker Rare Whisky 101 and online auction site Whisky Auctioneer identified global private whisky collections worth an estimated £75 million, and with an average value of £50,000.

The RW Apex 100 index of the world’s top 100 performing bottles has climbed 485% since 2010. 

A team of five portfolio managers will select the whiskies for the Single Malt Fund.

Investors will also have the opportunity to buy single bottles from the fund’s online inventory as the fund realises its investments.

Sales will be managed through its own website, where rare whisky will be made available to investors before going up for sale on the open market.

The fund is scheduled to liquidate after six years, with a target return rate of 10% per annum.

Svantesson said: “With global demand for rare whisky continuing to soar, I hope that our fund will make the rare whisky market more inclusive and accessible for even more rare whisky enthusiasts.

“My inspiration for the fund comes from my own passion for single malt whisky.

“Knowing how much my own limited rare whiskies have appreciated in value, I spotted an opportunity to take a more professional approach to the whisky investor market.

“As an entrepreneur, I couldn’t resist the temptation to combine my passion for whisky with my entrepreneurial drive.

“I wanted to create a commodity fund for whisky – regulated, transparent, and listed on a public exchange.”