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| Latest Return | |
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| Latest 24 Months | |
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| FUM (millions) | |
| Fund Overview | The Fund does not invest directly into any asset class, rather, it invests in investment managers which satisfy Affluence Funds Management's investment criteria; its investment philosophy is based on a formula developed by CEO/Portfolio Manager Daryl Wilson since the start of his career in 1999. The Fund targets total returns of at least 5% above inflation over rolling 3 year periods with volatility of returns less than 50% of the ASX200 Index. The Fund also aims to provide investors with a distribution yield of at least 5% p.a. To ensure appropriate diversity of managers and limit the potential for conflicts of interest, no more than 20% of the Fund will be invested with any one external manager. Affluence seeks to achieve the Funds' investment objective by choosing attractively priced investments overseen by quality managers. The Fund uses a number of processes to identify potential investments including quantitative screens for investments which meet historical performance, volatility and other criteria. They also use a number of external researchers and information sources to assist in this process. |
| Manager Comments | The top performing investments for the month included the listed Brookfield Prime Property Fund up 25%, the Terra Capital Natural Resources Fund up 13.6%, the Phoenix Opportunities Fund up 4.8%, and the India Avenue Equity Fund up 4.3%. The Fund's long only and long short equities funds were mixed, depending on how their portfolios were positioned during the reporting season. At the end of February, the Fund held investments in 26 unlisted funds representing 57% of the portfolio. The Affluence LIC Fund accounted for 19% of the portfolio and provided exposure to 19 LIC's. The Fund held investments in 5 other listed entities which represented 8% of the total portfolio, with the remaining 16% held in cash. |
| More Information |
