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Affluence LIC Fund

Affluence LIC Fund Report November 2017

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To view the Affluence LIC Fund Report November 2017 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 another strong month, increasing by 2.2% in November. The overall market continues to perform well, with the ASX 200 Index up 1.6% for the month. Returns since inception for the Fund are 14.5% per annum, compared to the ASX 200 Index of 13.4% per annum.

Our best performers for the month were international LICs where options had expired in the past 3 to 6 months. These included Future Generation Global (up 7.6%), MFF Capital (up 7.2%), and Platinum Asia (up 8.8%).

At the end of November, the Fund held investments in 28 Listed Investment Companies representing 83% of the Fund. The Fund also held 17% in cash, and some options which can benefit the Fund is 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.

Learn more

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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