Australian Foundation Investment Co. Ltd. (AU:AFI) has released an update.
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Australian Foundation Investment Co. Ltd. (AFIC) reported a net tangible asset backing of $8.24 before tax for December 2024, with a diversified portfolio primarily in ASX-listed Australian equities valued at $10.4 billion. Despite a drop in the S&P/ASX 200 Accumulation Index, AFIC continues to focus on providing attractive returns through fully franked dividends and long-term capital growth, maintaining a low management cost of 0.15%.
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