Affluence LIC Fund Report July 2018

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To view the Affluence LIC Fund Report July 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

While the ASX200 started the new financial year strongly, increasing by 1.4% in July, the Affluence LIC Fund had an even better month. The Affluence LIC Fund increased by a pleasing 2.1%. Returns since inception for the Fund are 13.1% per annum, compared to the ASX 200 Index of 12.9% per annum. The returns were delivered with approximately half of the volatility of the index.

In July one of the biggest contributors for the Fund was Bailador Technology Investments (BTI) up 13.5%. Ozgrowth Limited (OZG) was also one of the biggest contributors up 10.0%. Pleasingly there were very few detractors this month.

The report details why we are holding high levels of cash and market neutral strategies at the moment. At the end of July, the Fund held investments in 24 Listed Investment Companies representing 79% of the Fund and 21% in cash.  Also included are some LIC call options and ASX 200 Index put options.

If you are interested in the Fund and qualify as a wholesale/sophisticated investor, contact us 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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