AUSTRALIA: IWIF cautious on further investment
The Australian wine investor International Wine Investment Fund is to take a cautious approach to new investment, because of the continued global economic uncertainty. IWIF chairman Mike Terlet said the Fund would proceed warily with new investments. He was reporting to shareholders on a year which saw investment revenue grow to A$11.64m (US$6.4m) and profit rise by 11% to A$5.92m.
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