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Affluence LIC Fund

Affluence LIC Fund Update – February 2017

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To view the full Affluence LIC Fund Update – February 2017 in pdf format, click here.

The ASX 200 Accumulation Index increased by 2.3% in February, continuing a very strong period since November 2016. The Affluence LIC Fund Increased by 0.5%, which now brings up 10 months since inception with no negative results. At the end of February, the Fund held investments in 20 Listed Investment Companies representing 88% of the fund, almost 12% in cash, and under 1% in index put options to provide limited protection from elevated market prices.

During the month our AFI Notes (AFIG) converted into AFI Shares (AFI), which resulted in strong gains for the Fund. Other positive gains for the Fund. Other positive Limited (CYA), MFF Capital Investments (MFF) and Platinum Asia (PAI). We increased our market neutral exposure in February, purchasing additional Australian Equity Performance shares (AEG) and Watermark Market Neutral Shares (WMK). We sold out of Flagship Investments Limited (FSI) as the discount to NTA had decreased significantly.

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.

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