Affluence Small Company Fund January 2018

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To view the full Affluence Small Company Fund January 2018 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 took a breather in January, with the ASX Small Ordinaries Index down 0.5% for the month. The Affluence Small Company Fund decreased by 0.8%. The Fund has returned 12.0% per annum since inception, with about half the volatility of the ASX Small Ordinaries.

Our managers had a mixed month in January. The best performing was the Spheria Australian Microcap Fund (up 1.9%) and the Microequities Deep Value Microcap Fund (up 0.6%). The largest detractor was the Terra Capital Natural Resources Fund (down 6.4%). However, they have had a stellar run over the past year.

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 96% of the total portfolio. The balance 4% 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.

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