To view the Affluence LIC Fund Report April 2018 in pdf format, click here.
The Affluence LIC Fund provides access to a diversified investment portfolio of ASX Listed Investment Companies (LICs) selected by Affluence. We aim to outperform the ASX200 Accumulation Index over rolling 3 year periods, with less volatility than the stock market. The Fund provides exposure to a broad range of underlying investment styles, investment strategies, and geographies.
Affluence LIC Fund Report Summary
The ASX 200 Index recovered in April, increasing by 3.9%, to give a three month return of 0.3%. The Affluence LIC Fund had a reasonable month and increased by 2.1%, to show a three month return of 0.7%. Returns since inception for the Fund are 12.4% per annum, compared to the ASX 200 Index of 11.4% per annum.
NGE Capital Limited (NGE) was the major positive contributor in April, increasing by a massive 42%.
At the end of April, the Fund held investments in 28 Listed Investment Companies representing 84% of the Fund and 16% in cash. We believe the Fund is well positioned and diversified to withstand most market conditions.
If you qualify as a wholesale/sophisticated investor and are interested in the Fund, contact us and we will let you know when the Fund is next open. Alternatively, you can gain access through our Affluence Investment Fund, which currently invests around 15% of its portfolio in the Affluence LIC Fund.
If you are interested in investing in the Affluence LIC Fund, and you qualify as a Wholesale or Sophisticated investor, please let us know. We will place you on the waiting list for when we open it again in the future. If you do not qualify as a Wholesale or Sophisticated investor, you can still gain access through our Affluence Investment Fund, which currently invests around 15% of its portfolio in the Affluence LIC Fund. Existing investors can add to their investment or withdraw from the Affluence LIC Fund monthly.
Visit the Affluence LIC Fund page.
See the Affluence LIC Fund Portfolio here (you must be an Affluence Member to view)
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