To view the Affluence LIC Fund Report May 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 decreased by 0.1% in May, in what was a very divergent month for equity markets.
In Australia the ASX 200 Index increased 1.7% while the ASX Small Ordinaries Index decreased by 1.2%. Global share markets decreased by 5.8% in local currency (approximately 4% decrease in AUD).
Returns since inception for the Fund are 9.1% per annum, compared to the ASX 200 Index of 11.4% per annum. These returns have been delivered with approximately half of the volatility of the ASX200 index.
Nonetheless, we are excited about the current portfolio and discounts to NTA on offer, and believe the Fund is very well positioned moving forward.
The Fund’s biggest positive contributors in May were Bailador Technology (BTI) up 11.4% and Spheria Emerging Companies (SEC) up 5.6%.
These strong performers were offset by the biggest negative contributors, Blue Sky Alternatives Access Fund (BAF) down 8.2%, and L1 Long Short Fund (LSF) down 7.7%.
At the end of May, the Fund held investments in 31 Listed Investment Companies representing 87% of the Fund and 13% 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.
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)