To view the Affluence Investment Fund Report December 2018 in pdf format, click here.
The Affluence Investment Fund provides access to a diversified investment portfolio of the best fund managers as selected by Affluence. We target distributions of 5% per annum, paid monthly and total annualised returns of at least inflation plus 5% over 3-year periods. We aim to deliver these returns with less volatility than the stock market.
Report summary
The Affluence Investment Fund decreased -1.0% in December 2018. In comparison the ASX200 returned -0.1% and the ASX Small Ordinaries -4.2%.
Since commencing in December 2014, the Fund has returned 7.3% per annum through what has been a relatively difficult investment period. This has included 6.6% per annum monthly distributions to investors and a 0.7% per annum increase in the unit price of the Fund. Over that same period, the Fund has outperformed both our benchmark of 6.9% per annum (inflation plus 5%) and the ASX 200 (including dividends) of 6.1% per annum.
During December the fixed income, alternatives and property investments all recorded small increases. Our equities investments decreased in line with the market. Our biggest positive contributors were the Baker Steel Gold Fund (up 15.4%), and Bronte Capital Amalthea Fund (up 6.5%). The India Avenue Equity Fund was also up 4.1%.
The Affluence LIC Fund and our Australian equities investments were responsible for the Fund decrease this month.
Since the market highs in August 2018 the ASX200 Index has now fallen by 9.4%. The Fund has fared reasonably well over that period, falling by -5.1%, and outperforming the Australian stock market by 4.3%. A more detailed review of the Fund’s 2018 performance and current portfolio positioning is in this months eNews. This review is also available on our website here. We encourage you to read it.
At month end, 67% of the portfolio was invested in unlisted funds, 13% in the Affluence LIC Fund, 9% in listed investments and 11% in cash. If you’d like further details of the investment portfolio, including our top holdings and weightings, visit the Affluence Investment Fund page or Members Area on our website. To view the portfolio you must be registered as an Affluence Member. You can register to become an Affluence Member here.
The cut-off for this month’s applications is 25 January 2019. Units issued effective 1 February 2019.
Learn more
Invest with us and get access to a diverse range of Australia’s best fund managers, including over 25 unlisted funds as well as more than 20 LIC’s. Visit the fund page to find out more. There, you can get information on the Fund, apply online or download the application pack. If you’d like to add to your existing investment in the Fund, you can either complete the one-page form available on our website or use the online facility.
Visit the Affluence Investment Fund page.
See the Affluence Investment Fund Portfolio here (you must be an Affluence Member to view)
