To view the full Affluence Small Company Fund March 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 managed funds selected by Affluence.
Report Summary
The ASX Small Ordinaries Index decreased by 2.3% for the month, outperforming the ASX200 Index which fell 3.8%. The Affluence Small Company Fund outperformed the indexes and decreased 2.0%. The Fund has now returned 8.8% per annum since inception. The Fund has underperformed its benchmark (ASX Small Ordinaries) since inception, however, it has delivered its returns with less volatility than the ASX Small Ordinaries.
All of our investments fell during the month, with losses of between -0.6% to -3.7%. we continue to have faith in all of the managers in the Fund and believe they can all outperform the market over the long term.
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.
