Australian Foundation Investment Co. Ltd. (AU:AFI) has released an update.
Australian Foundation Investment Co. Ltd. (AFIC) reported an increase in their monthly net tangible asset (NTA) backing per share to $7.75 before tax and $6.50 after tax as of May 2024, up from April’s figures. The company, with a diversified portfolio worth $9.7 billion, emphasizes long-term growth and tax-effective income through fully franked dividends. AFIC highlights its low management costs and investment strategy focused on the Australian equities market, with performance aligned to the S&P/ASX 200 Accumulation Index.
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