Affluence LIC Fund

Affluence LIC Fund Report October 2017

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To view the Affluence LIC Fund Report October 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.

Report summary

The Affluence LIC Fund increased by 3.2% in October. The Australian market was flying, with the ASX 200 Index up 4.0%, and the ASX LIC Index up 2.3%.

We don’t expect to keep up in strongly rising markets, as our cash holdings and diversified strategies will dilute market increases. However, when conditions inevitably become rough, we expect to more than make up for this. Returns since inception for the Fund are 13.7% per annum, compared to the ASX 200 Index of 13.0% per annum.

At the end of September, the Fund held investments in 31 Listed Investment Companies representing 81% of the Fund. The Fund also held 18% in cash, and some LIC options.

The Fund is currently closed to new investors. 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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