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.

Affluence Funds Management Affluence LIC Fund Launched on 09 August 2019 Designed for retail investors. Find out more Industry Moves does not hold an AFS Licence and neither recommends nor endorses this product/service.