Affluence LIC Fund

Affluence LIC Fund Report August 2018

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To view the Affluence LIC Fund Report August 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 ASX200 increased 1.4% in August, with the Affluence LIC Fund increasing by 1.0%. Returns since inception for the Fund are 13.0% per annum, compared to the ASX 200 Index of 13.1% per annum.

It’s pure coincidence that returns since inception are the same as the ASX200, as we got there a different way. The ASX200 has had a strong period of performance, so it is pleasing to have kept up with the market. We have delivered these returns with lower volatility (far better than average).

In August one of the biggest contributors for the Fund was NAOS Small Cap Opportunities (NSC) up 13.6%. MFF Capital Investments (MFF) was also up 7.9%.

At the end of August,  the Fund held investments in 26 Listed Investment Companies representing 80% of the Fund and 20% in cash.  Also included are some LIC call options and ASX 200 Index put options.

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)

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