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ticker: AFI
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Australian Foundation Investment Company Limited (AFI) is Australia’s largest listed investment company on the Australian Securities Exchange (ASX). It aims to provide shareholders with attractive investment returns through access to a growing stream of fully franked dividends and medium-to-long term capital growth from an investment in a diverse portfolio of ASX-listed companies. AFI has a buy-and-hold investment style for the majority of the portfolio. It can also allocate up to 10% of the portfolio to its trading portfolio, which has a short-term investment focus.
- Uses fundamental analysis to identify companies in attractively structured industries with high-quality assets, brands and/or businesses that can withstand the business cycle. Focuses on investing in companies with strong management and boards along with sound financial metrics, such as profit margins, cash flow and gearing.
- The Investment Committee, which is essentially the Board of AFI, plays a significant role in the investment process, meeting on a fortnightly basis to review the portfolio settings.
structure: Listed Investment Company