To view the Affluence LIC Fund Report October 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 ASX200 decreased -6.1% in October and the ASX Small Oridinaries was down -9.6%. The Affluence LIC Fund decreased by -4.0% for the month. Returns since inception for the Fund are 10.6% per annum, compared to the ASX 200 Index of 8.9% per annum.
It was a reasonably substantial sell-off in October. Markets hit their lows late in the month, before retracing some of the losses in the last few days. Our biggest positive contributors were those LICs that managed to remain relatively stable, including Watermark Global Fund (WGF), Antipodes Global Investment (APL), and Ozgrowth Limited (OZG). Our biggest negative
contributors included Bailador Technology Investments (BTI), Thorney Opportunities Limited (TOP), Absolute Equity Performance (AEG) and Forager Australian Shares Fund (FOR). There were
relatively few places to hide. By number, the majority of our holdings outperformed the ASX200 declines, and only a few fell more than the ASX Small Ordinaries.
At the end of October, the Fund held investments in 25 Listed Investment Companies representing 76% of the Fund and 23% 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)