The U.K.-based private banking and wealth management firm Coutts has released its updated Passion Index.
Now in its 12th edition, the Coutts Passion Index offers insight into what it refers to as “passion” assets. The firm’s research aims to capture the changing values of 14 “passion” assets, including stamps, fine wine, fine art, luxury properties and classic cars, by capturing the price return in local currency.
“At Coutts, we pride ourselves on being more than a bank,” said Coutts Chief Executive Peter Flavel. “Having looked after clients and their wealth for over three centuries, we have developed a unique appreciation of what clients value most.”
According to the Index, stamps had a -0.3 per cent return last year with an annual average return of 6.7 per cent.
Since 2005, stamps have seen a twofold increase on price returns.