To view the full Affluence Small Company Fund March 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.
Report Summary
The ASX Small Ordinaries Index decreased by 0.1% in March. The Affluence Small Company Fund decreased 0.2%. The Fund has returned 3.4% 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 Wentworth Williamson Fund (up 3.6%), and the Phoenix Opportunities Fund (up 0.5%). The biggest detractor was the Microequities Deep Value Fund which fell 4.1%.
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.
The Affluence Small Company Fund is now open to Wholesale and Sophisticated Investors. We held off opening the Affluence Small Company Fund for quite some time. We wanted to wait until we felt conditions were appropriate. It feels like now is the right time. Not only do we see pockets of extraordinary value in some areas, but we are confident that all the managers we have or plan to invest with, have the potential to outperform substantially over the long term.
If you qualify as a wholesale or sophisticated investor and are interested in the Fund, contact us or visit the website to find out more.
The cut-off for this month’s applications is 24th April. Units will be issued effective 1st May.
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.
