To view the full Affluence Small Company Fund February 2019 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 managed funds selected by Affluence.
The ASX Small Ordinaries Index increased by 6.8% in February, with the ASX200 Index increasing by 6.0%. The Affluence Small Company Fund increased 2.4%. The Fund has returned 3.5% per annum since inception in April 2016. The Fund has underperformed its benchmark (ASX Small Ordinaries) since inception, however it has delivered its returns with less volatility of the ASX Small Ordinaries.
Our best performing funds this month were the Spheria Australian Microcap Fund (up 5.9%), the Terra Capital Natural Resources Fund (up 5.0%) and the Phoenix Opportunities Fund (up 4.4%).
The majority of ASX companies reported half year results in February, and reports from our managers were mostly positive.
We are currently finalising the Information Memorandum for this Fund, to open it to Wholesale Investors for the first time. If you are a wholesale investor and interested in investing in the Fund, please let us know and we will place you on the priority wait list. Please visit this page to see you qualify as a Wholesale or Sophisticated Investor. We have a number of outstanding ASX Small Company managers we will include in the portfolio once we start receiving additional investments.
At the end of the month, the Affluence Small Company Fund held investments in 6 unlisted funds (including the Affluence LIC Fund) representing 97% of the total portfolio. The balance 3% was cash.
Visit the Affluence Small Company Fund page.