To view the Affluence Investment Fund July 2019 Report, click here.
The Affluence Investment Fund provides access to a diversified investment portfolio of the best fund managers as selected by Affluence. We target:
- distributions of 5% per annum, paid monthly.
- total annualised returns of at least inflation plus 5% over 3-year periods.
We aim to deliver these returns with less volatility than the stock market.
Affluence Investment Fund July 2019 Summary
The Affluence Investment Fund increased by 2.4% in July 2019. The benchmark (inflation plus 5% per annum) increased by 0.6%. The ASX 200 Index finally got back above its 2007 record high during the month.
Since commencing in December 2014, the Fund has returned 8.1% per annum. This has included 6.6% per annum monthly distributions and a 1.5% per annum increase in the unit price. Over that same period, the Fund has outperformed our benchmark of inflation plus 5% per annum.
Our largest positive contributors included our holding in the Affluence LIC Fund (up 5%), the Phoenix Opportunities Fund (up 7%), the Baker Steel Gold Fund (up 15%) and the EGP Concentrated Value Fund (up 6%). The only material detractor this month was the Dalton Street Capital Absolute Return Fund.
At month end, 61% of the portfolio was invested in unlisted funds. A further 16% was investment in the Affluence LIC Fund, 12% in listed investments and 11% in cash.
The cut-off for this month’s applications is 23rd August. Units will be issued effective 1st September.
Invest with us and get access to a diverse range of Australia’s best fund managers, including over 30 unlisted funds as well as more than 20 LIC’s. Visit the Affluence Investment Fund page to find out more. From there, you can get information on the Fund, apply online or download the application pack.
If you would like to know more about the investment portfolio, including our top holdings and weightings, see the Affluence Investment Fund Portfolio. You must be registered as an Affluence Member. You can register online here.
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