To view the Affluence LIC Fund Report November 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 -0.5% in November, with the ASX200 decreasing by -2.2% for the month. It has been a turbulent three months, with the ASX 200 Index down -9.3%. While never happy with negative returns, we are pleased that the Fund has outperformed by 5.3% over this difficult period. Returns since inception for the Fund are 10.0% per annum, compared to the ASX 200 Index of 7.6% per annum. These returns have been delivered with approximately half the volatility of the ASX200 index.
It was an up and down month, with the majority of the market decline occurring late in the month. One of our biggest positive contributors were Blue Sky Alternatives Fund (BAF). They were up 11% in anticipation of a Wilson Asset Management taking over management of the vehicle. Hearts and Minds Investments(HM1) were up 3.2% after its IPO during the month and Tribeca Global
Natural Resources (TGF) up 3.7%.
Our biggest negative contributors included Bailador Technology Investments (BTI), Absolute Equity Performance (AEG), Future Generations Limited (FGX) and Forager Australian Shares Fund
At the end of November, the Fund held investments in 27 Listed Investment Companies representing 78% of the Fund and 22% 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.
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)