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Affluence LIC Fund

Affluence LIC Fund Report June 2018

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To view the Affluence LIC Fund Report June 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 had a solid month increasing by 1.1%, and delivered a strong 12 month return of 11.5%. Returns since inception for the Fund are 12.5% per annum, delivered with approximately half of the volatility of the index.

In June one of the biggest contributors for the Fund was Absolute Equity Performance Fund (AEG) up 6.4%. Other positive contributors were Amcil Investments (AMH) up 4.4%, and Future Generation Global (FGG) up 3.4%.

We are currently optimistic about the potential value in the portfolio. The overall LIC market has lagged the greater Australian share market over the past few months. We believe the Fund is well positioned and diversified to withstand most market conditions.

At the end of June, the Fund held investments in 27 Listed Investment Companies representing 85% of the Fund and 15% 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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