To view the full Affluence Small Company Fund December 2016 report in pdf format, click here.
Australian and global markets continued to climb in December. The ASX Small Ordinaries increased by 3.6% for the month and 13.2% for the year. The Affluence Small Company Fund increased by 2.1% in December, to bring total performance since inception 8 months ago to 8.9%.
During December the Forager Australian Share Fund listed on the ASX. We originally invested in this Fund when it was unlisted as we thought very highly of the manager. It listed at a large premium to its NTA and we took some profits. It continues to trade at a premium to NTA as the fund has quite a loyal investor base. The other major contributor to this months performance was the Phoenix Opportunities Fund which increased by 5.6%.
At the end of December, the Affluence Small Company Fund held investments in 4 unlisted funds representing 61% of the total portfolio. The Fund also held 5 LICs (14% of the portfolio) and the balance 25% cash.
If you’d like further details of the Affluence Small Company Fund portfolio at any time, just email us and we’ll provide it to you