To view the full Affluence LIC Fund Update – April 2017 in pdf format, click here.
The ASX 200 Accumulation Index increased by 1% in April, continuing a very strong period since November 2016. The Affluence LIC Fund celebrated its first birthday this month, and increased by 0.5%. We have now seen the Fund go for 12 months since inception with no negative results. Returns for the first year have been very pleasing at 13.9%.
At the end of April, the Fund held investments in 22 Listed Investment Companies representing 86% of the Fund, 13% in cash, and 1% in LIC options which can provide potential upside if markets rally strongly from here. We also held a small number of index put options which may contribute positively if markets fall substantially over the next few months.
Currently this fund is closed for investment, however if you are interested in investing in this fund, please let us know and we will place you on the waiting list if we open it in the future.