November 2023: A noteworthy month for Splint Invest
Join Mario, the Head of Investments at Splint Invest, as he guides you through a fascinating exploration of Splint's asset performance over the past month!
In the realm of luxury investments, November 2023 proved to be another exceptional month for Splint's assets.
Luxury items such as cars, art, handbags and LEGO sets continued their impressive upward trajectory, showcasing their resilience and desirability among collectors and investors.
While watches, wine, rare whisky bottles and diamonds experienced a slight moderation in their value, this minor adjustment did little to dampen the overall enthusiasm surrounding Splint Invest’s portfolio.
Among these fabulous assets, a few stood out. The “Hermès Kelly Doll Picto” saw an impressive gain of +6.18%, while our LEGO “Art” collection, showed a substantial increase of +10.69%.
Amidst the whirlwind of events and concerns that continue to shape the global financial landscape the markets show high volatility. Following a recent market correction, a brief surge of optimism occurred, In November, both the S&P 500 and Dow Jones experienced increases. Yet the duration of this impact remains uncertain. The bond yields are near 5%, this is impacting both the bond and equity markets, leading to heightened borrowing costs for consumers. Investor unease is heightened by the impending interest rate decision from the Federal Reserve, with a particular emphasis on inflation and the labor market. Geopolitical tensions, including active conflicts and ongoing global disputes, continue to cast a shadow over market sentiment.
Stay tuned for more updates as we navigate this ever-evolving financial landscape.
The inflation in the Eurozone has significantly weakened due to the sluggish economic conditions and the European Central Bank's tightening policy. It recently reached its lowest level since July 2021. The DAX saw an 9.49% increase in November, and the EuroStoxx50 followed suit with an 7.91% rise.
Now, let's explore the realm of luxury investments within Splint's portfolio. The Hermès Birkin and Kelly bags, epitomes of timeless sophistication, sustained their consistent appreciation in value. Notably, the Kelly Doll Pixel bag emerged as the front-runner, showcasing an impressive 6.18% surge in value.
The captivating realm of luxury cars witnessed remarkable advancements in November 2023, with the Ferrari 328GTS model leading the charge with a noteworthy 4.25% surge in value. The McLaren MP4-12C swiftly joined the race, gaining an impressive 3.39% within its second month. For enthusiasts of contemporary classic cars, the Renault Clio V6 delivered a noteworthy return, registering a 3.66% uptick in November and a very impressive year-to-date surge of 11.33%.
Diamonds only experienced a modest decrease of -0.32%, suggesting minimal change .
The art world rejoiced in November as both paintings by Raghav Babbar, "Azad Mandi - Delhi" and “Pool With No Blue”, emerged as the stars of the show, witnessing an exceptional 4.27% increase in value respectively. Albert Willem's masterpieces continued to bask in the limelight, with individual paintings experiencing value appreciations ranging from 0.63% to 6.28% this November.
The realm of LEGO investments witnessed continued growth in November 2023, with the LEGO Art Bundle emerging as the undisputed champion, boasting an impressive 10.69% increase in value. This remarkable performance underscores the enduring appeal of LEGO collectibles among enthusiasts and investors alike.
The world of luxury watches presented a mixed result, with the Patek Philippe 5496P-014 continuing its upward trajectory by gaining 5.32%, while the Audemars Piguet Royal Oak 26240ST experienced a slight downturn, with its value decreasing by 3.97%.
Whisky bottles could not keep up their great performance, averaging -0.59% across the board. The cause for this is the recent drop of the ’Rare Whisky 101’ index which affects the whole whisky market. “The Devil’s Keep” proved resilient with a 0.5% increase, while whisky casks remained strong and steady with a 0.7% overall increase.
In the realm of wine investments, there was a slight decrease of -0.52%, and the Dom Pérignon P2 2004 continued its strong performance with a remarkable price increase of 4.8%.
Finally, precious metals prices went up further in November, with the overall category increasing by 1.58%. This increase was led by Silver with a significant increase of 6.59%.
In summary, the global demand for luxury goods demonstrates a consistent upward trend, and we maintain a positive outlook on the appreciation of our assets. Consistent with our past practices, we will adapt our product offerings to align with the prevailing market conditions within each category. Expect further announcements as we unveil compelling investment opportunities on the horizon!