To view the full Affluence LIC Fund Update – August 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 and to deliver these returns with less volatility than the stock market. Through the investments in LICs, the Fund provides exposure to a broad range of underlying investment styles, investment strategies, and geographies.
As the old saying goes, all good things must come to an end. Our run of positive months in the Affluence LIC Fund has come to an end at 15, with the Fund down 0.6% for August. Returns
since inception are 12.3% per annum, compared to the ASX 200 Index of 11.4% per annum.
At the end of August, the Fund held investments in 32 Listed Investment Companies representing 78% of the Fund, 22% in cash, and some LIC options which can provide potential upside if markets rally strongly from here.
The Fund is closed to new investors. Existing Investors can add to their investment or withdraw from the Fund monthly. If you qualify as a Wholesale or Sophisticated investor and are interested in investing in the Affluence LIC Fund, please let us know and 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 gain access through our Affluence Investment Fund, which currently invests around 17% of its portfolio in the Affluence LIC Fund.
Visit the Affluence LIC Fund page to learn more.