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.
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