We recently recorded this Affluence LIC Fund webinar.
When picking stocks, it is widely accepted that buying high quality businesses at a discount to their value is the best path to long term success. When choosing great fund managers, the same principles apply. But where do you find discounts? ASX Listed Investment Trusts and Listed Investment Companies (LICs) can offer the opportunity to invest with some of Australia’s best fund managers. In addition, sometimes you can buy LICs at significant discounts to their underlying asset values. And right now, those discounts are at record levels.
Our Affluence LIC Fund is an unlisted managed fund that invests in a portfolio of LICs. We formed the fund in 2016 after we saw the opportunity to take advantage of discounts in the sector. The fund pays distributions quarterly. We charge no fixed fee, simply a performance fee based on positive total returns delivered.
In this 15 minute presentation, we discuss:
- The exceptional quality of managers in the LIC sector and other factors that led us to start the Fund.
- Why now is a great time to consider investing in LICs.
- How we capture additional profit from LICs that trade at higher than usual discounts.
- A snapshot of the current portfolio of 31 LICs.
- The distribution and performance history of the Fund.
Affluence LIC Fund webinar
We hope that was helpful. If so, here are some other things you might like.
See more of our articles.
Find out about our Affluence LIC Fund.
View the Affluence LIC Fund Portfolio.
Visit the Affluence Members page to see and profiles of LICs and funds we invest in.
Access monthly LIC reports from Morningstar.
This content was prepared by Affluence Funds Management Limited ABN 68 604 406 297 AFS licence no 475940 (Affluence) to enable investors in the Affluence LIC Fund to understand the underlying investments of the Fund in more detail. It is not an investment recommendation. Prospective investors are not to construe the contents of this article as tax, legal or investment advice. Neither the information nor any opinion expressed constitutes an offer by Affluence, its subsidiaries, associates or any of their respective officers, employees, agents or advisers to buy or sell any financial products nor the provision of any financial product advice or service.
The content does not take into account your objectives, financial situation or needs. In deciding whether to acquire or continue to hold an investment in any financial product, you should consider the relevant disclosure documents for that product which are available from the product provider. Affluence recommends you consult your professional adviser to determine whether a particular financial product meets your objectives, financial situation or needs before making any decision to invest.