# Investment Approach

WineFi seeks to outperform the wider fine wine markets by combining quantitative analysis with the deep domain expertise of our veteran investment committee.

Our quant model systematically identifies underpriced wines with strong appreciation potential. Backtesting shows consistent outperformance vs both benchmarks and average wine returns.

While past performance is not a reliable indicator of future results, this provides a scalable, data-driven framework for sourcing, portfolio construction, and exit timing. Outputs are then "sense checked" by our investment committee before presenting opportunities to our investors.

As with an investment business, our objective is to generate alpha vs. our benchmark(s). For the fine wine markets, these are the [Liv-ex Indices](https://www.liv-ex.com/news-insights/indices/). See [Quantitative Analysis](/about-us/quantitative-analysis.md) for more.

## Our Investment Process

{% stepper %}
{% step %}

### Define Scope

From \~100,000 wines across 25 vintages we consider investable, we construct a scoped investable universe through structured filters on region, price, and any other relevant factors.
{% endstep %}

{% step %}

### Apply WineFi Investment Score (WIS)

We apply a numeric "WineFi Investment Score" (WIS) to each wine on a scale of 0 to 100. This score factors in the "efficient market price" and potential price appreciation. Read more about this approach here: [Quantitative Analysis](/about-us/quantitative-analysis.md#our-models). 
{% endstep %}

{% step %}

### Human Review

The initial wines in scope are reviewed by our expert investment committee - led by [Matthew Small](https://www.linkedin.com/in/matthew-small-30713093/) - and either accepted or rejected.
{% endstep %}

{% step %}

### Investor Approval

Once we have identified a collection of fine wine, we present this opportunity to investors on a discretionary (private portfolios) or non-discretionary (syndicate) basis. 
{% endstep %}

{% step %}

### Sourcing

We go to market and acquire the underlying wines, and transport them to our bonded warehouse for storage. See [Sourcing Wines](/governance/sourcing-wines.md) and [Storage and Insurance](/governance/storage-and-insurance.md) for more information. We pass on discounts we are able to achieve to our investors.
{% endstep %}

{% step %}

### Exits

WineFi monitors the fine wine market over time, and will recommend when to exit the underlying wines on a case-by-case basis. Syndicate members and private clients alike can choose to accept or reject these recommendations.  
{% endstep %}
{% endstepper %}


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://manifesto.winefi.co/about-us/investment-approach.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.