Australian Foundation Investment Co. Ltd. ( (AU:AFI) ) has issued an update.
AFIC reported a decrease in its net tangible asset (NTA) backing per share for February 2025, following the payment of an interim dividend. The company’s portfolio performance was impacted by a downturn in the S&P/ASX 200 Accumulation Index, which fell by 3.8% during the month, driven by significant declines in the Information Technology and Healthcare sectors. Despite these challenges, AFIC maintains a strong investment strategy with a focus on long-term growth and tax-effective income for its shareholders.
More about Australian Foundation Investment Co. Ltd.
Australian Foundation Investment Company Limited (AFIC) is a long-term investor primarily focused on ASX-listed Australian equities. It aims to provide shareholders with attractive investment returns through fully franked dividends and capital enhancement over the medium to long term. The company operates with a low management cost and a diversified portfolio valued at $10.2 billion as of February 2025.
Technical Sentiment Consensus Rating: Buy
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