To view the full Affluence Small Company Fund December 2017 report in pdf format, click here.
We believe that smaller companies can provide higher returns over time than the ASX 200 index. Investing in smaller companies through different managers, investment strategies and structures can help to reduce risk.
The Fund provides you access to a diversified portfolio of small companies via unlisted funds and LICs selected by Affluence.
Report Summary
The Australian market continued upwards in December, with the ASX Small Ordinaries Index up 3.2% for the month. The Affluence Small Company Fund had a strong month and increased by 3.2%. The Fund has returned 13.2% per annum since inception, with about half the volatility of the ASX Small Ordinaries.
Our managers all produced good results this month. Continuing their strong run was the Terra Capital Natural Resources Fund, which increased by 9.3% for the month. Other standouts were the Spheria Microcap Fund (up 5.7%) and the Phoenix Opportunities Fund (up 3.7%).
We remain very happy with all of our managers, and expect to add to the portfolio over the next few months.
At the end of the month, the Affluence Small Company Fund held investments in 6 unlisted funds (including the Affluence LIC Fund) representing 95% of the total portfolio. The balance 5% was cash.
Learn more
Visit the Affluence Small Company Fund page.
We have identified a number of other outstanding small cap managers to add to the portfolio in coming months. In order to make these additional investments, we are considering undertaking a small capital raising in the Fund.
If you are interested in investing in the Affluence Small Company Fund, and you qualify as a Wholesale or Sophisticated investor, please let us know.
