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| Latest Return | |
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| 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 | In their monthly performance report Affluence stated that valuations for most assets remain relatively high looking forward, but that the portfolio is well positioned for both rises and falls in asset and equity markets, as they continued to focus efforts on making the portfolio as resilient as possible. Notably for a Fund of Funds, Affluence do not charge a management fee, relying on performance fees which the manager feels provides a better alignment of interests with their investors. |
| More Information |
