The 10 Strangest Mutual Funds


The Blue Chip Winery Fund

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Jokingly called one of the best "liquid" investments on the market, wine funds once enjoyed some popularity. But unlike a good glass of wine—or investment, for that matter—these funds have generally not gotten better with age, and most of the ones that were around several years ago have since crashed and burned. Still, this fund, which was launched in October and is based in the Bahamas, takes an untraditional approach to wine investing: Instead of buying actual bottles of wine, it will invest exclusively in wine-related real estate, like wineries and storage facilities. "Given the current economic environment, there are a lot of [opportunities]," says co-manager Bruce Ramsey.

Next: The Herzfeld Caribbean Basin Fund (CUBA)

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