Australian Foundation Investment Co. Ltd. (AU:AFI) has released an update.
Australian Foundation Investment Co. Ltd. reports a monthly net tangible asset (NTA) backing per share increase to $7.97 before tax and $6.65 after tax as at March 2024, signifying consistent growth. The company maintains a diversified, low-cost portfolio of primarily ASX-listed equities, emphasizing long-term capital growth and tax-effective income through fully franked dividends. Despite fluctuations in the market, AFIC’s investment strategy aims to outperform the S&P/ASX 200 Accumulation Index, providing shareholders with professional management and transparent investment returns.
For further insights into AU:AFI stock, check out TipRanks’ Stock Analysis page.
