Fund In Focus: The Affluence LIC Fund

Daryl Wilson

Affluence Funds Management

When picking stocks, it’s widely accepted that buying high quality businesses at a discount to their value is the best path to long term success. When choosing great fund managers, the same principles apply. But where do you find discounts? ASX Listed Investment Trusts and Listed Investment Companies (LICs) can sometimes offer the opportunity to invest with some of Australia’s best fund managers at significant discounts to their asset values. And right now, those discounts are at record levels.

The Affluence LIC Fund is an unlisted managed fund that invests in a portfolio of LICs. We formed the fund in 2016 after we saw the opportunity to take advantage of discounts in the sector. The fund pays distributions quarterly, we charge no fixed fee, simply a performance fee based on positive total returns delivered.

In this Fund In Focus, we discuss the quality of managers in the LIC sector, how we capture additional profit from LICs that trade at higher than usual discounts, and why now is the time to invest in LICs.

To request additional information please email or click the ‘CONTACT’ button below. 

Invest in LICs without the hard work

The Affluence LIC Fund invests exclusively in ASX listed LICs and LITs. The fund seeks to take advantage of inefficiencies, allowing investors to gain exposure without the need to research each security.

This article is prepared by Affluence Funds Management Limited ABN 68 604 406 297 AFS licence no. 475940 (Affluence) to enable investors in Affluence Funds to understand the underlying investments of the funds in more detail. It is not an investment recommendation. Prospective investors are not to construe the contents of this article as tax, legal or investment advice. Neither the information nor any opinion expressed constitutes an offer by Affluence, its subsidiaries, associates or any of their respective officers, employees, agents or advisers to buy or sell any financial products nor the provision of any financial product advice or service. The content has been prepared without considering your objectives, financial situation or needs. In deciding whether to acquire or continue to hold an investment in any financial product, you should consider the relevant disclosure documents for that product which are available from the product provider. Affluence recommends you consult your professional adviser to determine whether a financial product meets your objectives, financial situation or needs before making any decision to invest.

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Daryl Wilson
CEO/Portfolio Manager
Affluence Funds Management

Daryl has over 25 years’ experience in finance and investing. He formed Affluence to provide investors with regular income and long-term capital growth by investing with some of the best fund managers available in Australia.

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