Affluence LIC Fund Report January 2019

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Affluence LIC Fund Report January 2019

To view the Affluence LIC Fund Report January 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 2.1% in January, with the ASX200 increasing 3.9% for the month. The Australian market generally followed the global equity markets as they recovered from their December lows.

Returns since inception for the Fund are 9.7% per annum, compared to the ASX 200 Index of 8.6% per annum. These returns have been delivered with approximately half the volatility of the ASX200 index.

Our biggest positive contributors were Antipodes Global Investment Company (APL) up 8.5%, NGE Capital (NGE) up 16.4%, and Hearts & Minds Investments (HM1) up 8.5%.

There were no significant detractors in January. Our biggest negative contributors were WAM Active (WAA) down 2.4% and Tribeca Global Fund (TGF) down 2.4%. Our index put options decreased as the market recovered.

At the end of January,  the Fund held investments in 31 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)

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