The Wine Investment Fund (TWIF) has announced its latest payout with investors receiving returns equivalent to 17.1 per cent a year. TWIF said its payouts remained in double digits while over the same period the FTSE 100 fell by 1.4 per cent. Investors in the fund's first tranche, the 2003 tranche, received payouts in 2008 of 15.84 per cent a year; the 2004 tranche returned the equivalent of 13.01 per cent a year in 2009. These double digit returns are after all fees and expenses.