To view the Affluence Investment Fund Report March 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%pa, 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
After a volatile month for both global and local markets, the ASX 200 Index fell 3.8% in March. The MSCI World Accumulation Index AUD was down 0.6% for the month (benefiting from a weakening Australian dollar). The Affluence Investment Fund had a comparatively strong month, and increased by 0.05%. Since commencing in December 2014, the Fund has returned 9.6% per annum. This has included 6.7% per annum monthly distributions to investors and a 2.9% 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 7.1% per annum.
Our managers performed well across the board, which is pleasing given the sharp fall in the Australian market. Key positive contributors during the month included the APN Regional Property Fund (up 13.4%), the Baker Steel Gold Fund (up 3.8%), the Absolute Return VIX Fund (up 2.6%), and the Sandon Capital Activist Fund (up 2.2%). The biggest decrease was -2.7% by one of our small-cap equity managers. Overall the portfolio performed as we expected. The market neutral/alternatives, property, fixed interest and commodity investments diversified the impact of falling equity markets.
At month end, 60% of the portfolio was invested in unlisted funds, 15% in the Affluence LIC Fund, 11% in listed investments and 14% 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. You must be registered as an Affluence Member to view the portfolio.
The cut-off for this month’s applications is 24th April. Units will be issued effective 1st May.
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)
