Affluence Funds Management

02/04/2026

"We aren't rushing in to throw a lot of our cash into the market immediately."

Daryl and Greg provide an update on the current investment environment, AI and the Iran War plus our portfolio positioning.

Don't miss the latest Affluence update:

Daryl & Greg discuss the current investment environment, AI and the Iran war plus the portfolio positioning in each Fund.

19/02/2026

Chart of the month 📊

On average each year since 1972, the market has risen by 23% at some point, and fallen by 15%.

The green and red bars show the biggest peak-to-trough fall and trough-to-peak rise in the price index (excluding dividends) in each calendar year. The blue dots are the total price return for that year.

The lessons? Markets are volatile. Invest accordingly.

If market falls worry you, and might lead you to sell at an inopportune time, it may be wise to pursue a more balanced or conservative investment portfolio. Related data from Schroders shows that over a 35 year period to the end of 2025, selling out in times of trouble and reinvesting when it feels safer would have reduced your returns from 10.4% per annum to somewhere between 5.8% and 7.5% per annum. That’s huge.

Conversely, adding to investments each time markets have fallen by 10% or more would have undoubtedly enhanced returns. So if you’re more comfortable with volatility, it pays to add to investments when it feels hard, not when it feels easy.

Chart by Schroders

28/01/2026

“Rather than own the companies spending all the money, where profits are likely to be sacrificed in a hugely competitive race to be first in an uncertain new world, we prefer to have exposure to this theme via the materials they will need to build them, and the energy they will need to run them (i.e., resources).”
From our 2025 Annual Investor letter.

You can read more about how each of our funds performed in 2025, and how we are positioned in the current environment.

*Past performance is not indicative of future performance.

The Affluence annual investor letter reviews the small caps, gold and AI market highlights, along with our fund performance and positioning.

18/12/2024

Have we reached peak madness for LICs?
We explore this in our Affluence Funds LIC Wrap up for 2024.

Have we reached peak madness for LICs? I explore this in the Affluence Funds LIC Wrap Up for 2024.

05/11/2024

It’s that time of the year again! The running of the Affluence LIC Melbourne Cup!

We have analysed the field of over 100 LICs, and here, in no particular order, are our 24 starters and 3 that we believe could take out the “Race that Stops the Investing Nation”.

The 8th running of the Affluence LIC Melbourne Cup!

17/07/2024

We are looking forward to hearing Affluence CEO and Portfolio Manager Daryl Wilson speak about harvesting discounts from LICs and other stocks at the InvestmentMarkets July Investor Webinar.

We’re thrilled to announce our next speaker for our July Investor Webinar! Join Daryl Wilson from Affluence Funds Management, and 15 other speakers for a spectacular online event over 3 days commencing 23rd July.

To reserve your spot at our exclusive event, click here: https://www.investmentmarkets.com.au/events/investmentmarkets-investor-webinar-july-2024-66174e9b992f13a39fb55b80?utm_medium=social&utm_source=facebook&utm_campaign=july2024webinar&utm_content=speakerpost

We cannot wait to see you there!

23/05/2024

The Affluence LIC Fund has been named as one of the top 5 returning Australian Equity funds over the last 5 years.
Our unique discount capture strategy has added significant value to the underlying returns from LICs.
Thanks to Livewire Markets

We look at some of the stocks that drove returns inside these top performing long-only retail funds

28/03/2024

The AFR asked us where we would invest $1 million.

We asked 11 experts where they would invest $1 million to earn serious returns; then we asked them to nominate an indulgence spend.

05/03/2024

Right now, no one likes LICs. In fact, given the apparent apathy towards them by investors, we would go as far as to say they are actively unliked. And this makes us very excited.

https://www.livewiremarkets.com/wires/are-lics-the-most-unloved-they-have-ever-been

Discounting in the LICs space has widened, off the back of investor apathy - and we see opportunities.

13/02/2024

It's not to late to register for today's Introduction to the Affluence Income Trust webinar. Join our Investment Team where they will discuss

- Why we started the Fund
- Opportunities in Fixed Income
- The key features of the Fund
- The current portfolio construction

Register via the link below.

Join our Investment Managers in this live webinar on Tuesday 13 Feb 2024 (12pm QLD Time) where they will introduce the Affluence Income Trust, discuss why we started the Fund, the key features and the opportunities in Fixed Income.

If you can’t make it to the live presentation, please feel free to register and we will send you a link to view the recording.

Click here to register: https://us06web.zoom.us/webinar/register/WN_WYIyvOMdT1i3h1D6cPbBBA?inf_contact_key=90d872c74be9f924c3d29635e0dcd9f2680f8914173f9191b1c0223e68310bb1 #/registration

Learn more about the Fund here: https://affluencefunds.com.au/ait/

08/02/2024

Join our Investment Managers in this live webinar on Tuesday 13 Feb 2024 (12pm QLD Time) where they will introduce the Affluence Income Trust, discuss why we started the Fund, the key features and the opportunities in Fixed Income.

If you can’t make it to the live presentation, please feel free to register and we will send you a link to view the recording.

Click here to register: https://us06web.zoom.us/webinar/register/WN_WYIyvOMdT1i3h1D6cPbBBA?inf_contact_key=90d872c74be9f924c3d29635e0dcd9f2680f8914173f9191b1c0223e68310bb1 #/registration

Learn more about the Fund here: https://affluencefunds.com.au/ait/