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Affluence Small Company Fund

Affluence Small Company Fund July 2017

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To view the full Affluence Small Company Fund July 2017 report in pdf format, click here.

Report Summary

The Australian market was generally flat in July, with the ASX Small Ordinaries increasing by 0.3% for the month. The Affluence Small Company Fund had a strong month and increased by 1.9%. The Fund has returned 6.4% over 12 months and 8.9% per annum since inception. The Fund has outperformed its benchmark (ASX Small Ordinaries) over 12 months and since inception.

We sold the two remaining LICs in July and added a new investment, the Spheria Australian Microcap Fund. This is a relatively new manager. The former portfolio managers of the Schroders Microcap Fund founded Spheria. They developed an excellent track record during their time at Schroders.

Our best performing funds this month were the Phoenix Opportunities Fund (up 3.7%), and the Spheria Microcap Fund (up 3.5%).

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.

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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