Alternative Asset Analysis (AAA) says it is worth considering investing in the classic car market as it is one of the most lucrative options in the alternative investment sphere.
Boston, MA, USA, November 12, 2011 -- Alternative Asset Analysis (AAA) says it is worth considering investing in the classic car market as it is one of the most lucrative options in the alternative investment sphere.
AAA is keen to promote even the most unusual of alternative investments at a time when traditional investments are looking increasingly risky and stocks and shares no longer necessarily offer the best returns.
AAA’s call for classic car investment comes on the heels of a report in The Telegraph newspaper in the UK, which argues that millions can be made if the right decisions are taken about classic cars at the right times. “You could say this about any asset,” explained Alternative Asset Analysis partner, Anthony Johnson. “But this is an asset class that most people would overlook - along with art, antiques and even precious metals - at a time when investors should be keeping their eyes and minds open to new and exciting alternative investments,” he added.
An index, the Historic Automobile Group International (HAGI) index, which was established in 2007, is intended to make it easier for investors to see the potential in the market for classic cars. Banker Dietrich Hatlapa, who started the index, told the Telegraph: “When I started I was amazed at how little transparency there was within the classic car market; collectors and investors were making buying decisions on little more than hunch and opinion.”
Now, the index offers a clear picture of the movement of the market over the past years - showing that the value of the market for the top 100 classic cars rose from £10.1 billion to £12.3 billion in 2008 alone. The HAGI index now covers just 50 classic cars, all of which are limited editions and are often a sure-fire bet when it comes to investment. Overall, the HAGI has risen over 30 per cent since the start of 2009.
Mr Johnson said, “Whether you are interested in classic cars, fine wines, art, the environment or real estate, it is often possible to make money from investing in alternative asset classes. Eco-investors can buy up sections of sustainable forest in Brazil through firms like Greenwood Management, for example - and literally watch their investment grow.”
About Alternative Asset Analysis:
The remit of Alternative Asset Analysis is to analyse and provide news on the global performance of a wide range of alternative asset classes including, but not restricted to, commodities, real estate, forestry, foreign exchange, hedge funds, private equity and venture capital.
Media Contact:
Anthony Johnson
Alternative Asset Analysis
71 Commercial St
Boston, MA 02109-1320
617-939-9596
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