Asia's thirst for wine cheers investors

Europeans are spending less money on wine these days, due to a change in drinking habits and the weakening economy, but strong demand in Asia is keeping the industry's growth story alive, according to MA International, an MA boutique.

Indeed, Hong Kong has even overtaken New York as the world’s biggest wine auction centre, bolstered by the removal of duties on wine in 2008. Much of the demand is driven by investment rather than consumption. Including wine in a portfolio is increasingly common...