🚀 June 2024: Performance Update
Traditional Markets Around the Globe
The US indices, S&P 500 and Nasdaq, hit records last week with monthly returns of 3.7% and 5.8%. Nvidia briefly became the world’s most valuable company, surpassing Microsoft, but its stocks fell 20% due to profit-taking. European markets were mixed after the French president called for a snap election. The STOXX 600 fell 0.97% and the FTSE 100 dropped 0.45%. The ECB cut interest rates by 0.25% to 3.75%, and the Swiss National Bank cut rates to 1.25%. The Bank of England kept rates unchanged at 5.25%. The US Federal Reserve indicated optimism about inflation, with the core Consumer Price Index at a three-year low of 3.4% in May. The yuan weakened, and the SSE fell over 3%. Japan’s Nikkei 225 gained over 2%, with core inflation at 2.5%. Upcoming elections may increase market volatility, but many factors influence stock markets.
How Did Splint Invest’s Portfolio Manage These Turbulent Times?
June 2024 proved to be another promising month for luxury investments offered by Splint Invest. Follow Mario, Head of Investments at Splint Invest, and his overview of last month's performance.
Categories Under the Spotlight in June 2024
In June, the Splint Invest portfolio showcased strong performance across various categories. Trading Cards led the way with impressive gains of 3.4%, followed by Sneakers at 2.0% and Sports Memorabilia at 1.8%. Art saw gains of 1.7%, while LEGO showed positive growth at 1.6%. Additional categories like Diamonds (0.9%), Whisky Casks (0.7%), Bags (0.4%), and Cars (0.4%) contributed to the overall performance. Despite some fluctuations, the overall portfolio recorded a solid 0.7% increase, reflecting the diverse and resilient nature of alternative investments.
Precious metals saw a decline of -0.98% in June, though the category still shows an impressive year-to-date gain of 8.1%. The watch category delivered mixed results, with more trades on the secondary market and increased demand for niche pieces like the De Bethune DB25VTIS3. However, widely available references such as the Rolex Sea-Dweller continued to lose value at -1.5%.
The wine market is currently a buyer's market, with opportunities to purchase prestigious bottles at prices below market value. This allowed us to bring the Roederer Collection and the Lafite En Primeur in June, purchased with discounts of 11% and 6.8%, respectively.
 Among the assets that saw a significant increase in valuation in June 2024 are:
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Louis Roederer Cristal, 2008 & 2012 and Louis Roederer Cristal Rosé, 2012 (Wine): +11.2%
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Britt Boutros-Ghali - Portfolio Part 1 and Part II (Art) +9.2% each
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Móyòsóré Martins, Aletewo 2023, Pharma 2023, Self Sacrifice 2023 & Untitled I and II 2023 / Móyòsóré Martins, Portfolio I / Móyòsóré Martins, Portfolio II (Art) +9.2% each
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Château Lafite Rothschild & Carruades de Lafite, 2023, En Primeur (Wine) +6.8%
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Choi Myoung Young, Conditional Planes 22-602, 2022 (Art) +9.4%
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Glenfarclas Pagoda, Reserve Trilogy, 43 to 59 years old (Whisky Bottles) +4.9%
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Dom Perignon P2 (Wine): +4.1%
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Lego Art Bundle (Lego) +4.0%
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Nike, Air Jordan 3 Kobe PE (Sneakers) +4.0%
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Pokemon Sword and Shield Booster bundle (Trading Cards) +3.5%
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Michael Jordan, "Air of Greatness" signed Jerseys (Memorabilia) +3.3%
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Hermes Kelly Padded (Bag) +3.0%
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Aston Martin, V12 Vantage Carbon Black Edition (Cars) +1.8%
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De Bethune DB25VTIS3 watch: +1.1%
The significant increase in value of the Britt Boutros-Ghali portfolios and the first three Móyòsóré releases are due to the 10% price increase of the gallery prices, which underlines the significant market demand for these two artists.
The great news is that some of these investment opportunities are not sold out yet, which means you can still invest. For all our assets, the issued price per Splint remains the same on the primary market, always at 50 EUR  irrespective of any market value changes.
