Affluence LIC Fund
Value focussed fund manager Affluence has opened up its fund that invests in listed investment companies (LICs) - the Affluence LIC Fund - to retail investors.
The fund will provide access to both Australian and global stocks and invests in LICs that meet one or more of the following criteria:
- Alpha generators – LICs that can outperform the market.
- Discount capture – LICs trading at attractive discounts to NTA.
- Event driven – special situations such as IPOs, capital raisings and other corporate activities.
The fund will invest in 20 to 35 LICs and track the ASX 200 Accumulation Index. It has a minimum investment amount of $20,000.