To view the Affluence Small Company Fund July 2019 report, 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 access to a diversified portfolio of small companies via unlisted managed funds selected by Affluence.
Small Company Fund July 2019 Summary
The Affluence Small Company Fund increased by 4.3% during July 2019. The ASX Small Ordinaries Acumulation Index increased by 4.5% for the month. The Fund has returned 4.1% per annum since inception in April 2016.
The Fund has underperformed its benchmark (ASX Small Ordinaries) since inception. However, it has delivered those returns with lower volatility than the ASX Small Ordinaries.
Our best performing funds this month were the Microequities Deep Value Fund (up 8.6%), the Phoenix Opportunities Fund (up 6.5%) and the Affluence LIC Fund (up 5.1%). The biggest detractor was the Terra Capital Natural Resources Fund (down 1%).
At the end of the month, the Fund held investments in 7 unlisted funds, representing 96% of the portfolio. The balance 4% was cash.
The Affluence Small Company Fund is now open. We are seeing pockets of extraordinary value in some areas. We are also confident that the managers we invest with, have the potential to outperform substantially over the long term.
The cut-off for this month’s applications is 23rd August. Units will be issued effective 1st September.
To invest in the Affluence Small Company Fund, you must qualify as a Wholesale or Sophisticated investor.
Visit the Affluence Small Company Fund page.
Compare all our Funds.