To view the Affluence LIC Fund Report April 2019 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 Affluence LIC Fund increased by 0.5% in April, while the ASX 200 Index increased 2.4% for the month.
Returns since inception for the Fund are 9.4% per annum. These returns have been delivered with approximately half of the volatility of the ASX200 index.
April also brought up the Fund’s third birthday. After outperforming the ASX 200 Index for much of the last 3 years, we are currently slightly behind due to the softness in the LIC sector.
Nonetheless, we are excited about the current portfolio and discounts to NTA on offer, and believe the Fund is very well positioned moving forward.
Some of the Fund’s biggest positive contributors in April were Bailador Technology (BTI) up 10% and Thorney Technologies (TEK) up 9.1%.
The biggest negative contributors were Blue Sky Alternatives Access Fund (BAF) down 7.6% and NGE Capital (NGE) down 14.9%.
At the end of April, the Fund held investments in 32 Listed Investment Companies representing 88% of the Fund and 12% in cash.
Contact us if you are interested in the Fund and qualify as a wholesale/sophisticated investor, 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.
Learn more
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)
