Oil, gold and fine wine outstrip the FTSE

Oil, gold and fine wine outstripped the FTSE in 2011, the index of the 100 most valuable companies having fallen 5.6 per cent over the year.

Fine wine grew only marginally but that comes off the back of two years of 30 per cent growth that generated fears the market was a bubble waiting to burst. Gary Boom, the managing director at the Bordeaux Index, said: "The stock market has not impressed, and investors are looking for alternatives. I tip the top Lafite, Mouton Rothschild and Margaux to do well in 2012 as there is a flight to quality when there is a large amount of uncertainty around."