Liv-ex 1000 index gains 0.7% in June

The Liv-ex 1000 index – the broadest measure of the market – closed June on 355.92, up 0.69% on the previous month.

The Liv-ex 100 (the industry benchmark) and the Liv-ex 50 (which tracks the First Growths) also rose this month by 0.39% and 0.36% respectively.

The improvement in the indices is an encouraging sign given their downward drift since the beginning of the year. However, given the market has been distracted by Bordeaux 2018 En Primeur releases and remains concerned by the ongoing US-China trade war, it is likely that Sterling’s considerable weakness against both the Euro and the Dollar over the past eight weeks has played a role in this nascent recovery.

All the Liv-ex 1000 sub-indices closed June in positive territory apart from the Rest of the World 50, which was down 0.58%.

The Rhone 100 was up the most, followed by the Champagne 50. The sub-indices were up 1.62% and 1.4% respectively.

The Burgundy 150 was up for the first time this year, but only just (0.46%). It is still the best performing sub-index of the Liv-ex 1000 over a one-year period. However, year-to-date it has performed the worst, down 6.23%.

Changes to Liv-ex indices

Next month, as part of our annual review, we will be updating the components of the Liv-ex 1000 sub-index, the Bordeaux 500.

This year, the 2005 vintage will be removed from the Bordeaux 500 index and replaced by the now physical 2016 vintage. For Latour, the composition of the index remains unchanged, to comprise the 2002-2011 vintages.