To view the Affluence LIC Fund Report January 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 Affluence LIC Fund decreased by 0.4% in January, as did the ASX 200 Index. Since inception, the Fund has returned 13.8% per annum, compared to the ASX 200 Index of 13% per annum.
There was a large range of results this month. Positive contributors included Australian Equity Performance (AEG) up 3.3%, Glennon Small Companies (GC1) up 3.1%, MFF Capital (MFF) up 2.7%, and WAM Microcap (WMI) up 4.1%. The major detractors were Australian Leaders Fund (ALF) down 6.9%, Watermark Global Leaders (WGF) down 3.8%, Bailador Technology (BTI) down 2.8%, and VGI International (VG1) down 4.9%.
At the end of the month, the Fund held investments in 29 Listed Investment Companies representing 77% of the Fund. The Fund also held 23% in cash and some options which can benefit the Fund in rising and falling markets.
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 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 17% of its portfolio in the Affluence LIC Fund. Existing investors can add to their investment or withdraw from the Fund monthly.
Visit the Affluence LIC Fund page.
See the Affluence LIC Fund Portfolio here (you must be an Affluence Member to view)