Australian Foundation Investment Co. Ltd. (AU:AFI) has released an update.
Australian Foundation Investment Co. Ltd. (AFIC) reported a monthly net tangible asset (NTA) backing per share of $7.88 before tax and $6.60 after tax as of June 30, 2024, marking a slight increase from the previous month. The company, with a sizable $9.9 billion portfolio, offers shareholders low-cost access to a diversified portfolio of primarily ASX-listed Australian equities, aiming for long-term capital growth and fully franked dividend income. AFIC’s performance has been consistent with the S&P/ASX 200 Accumulation Index, and they advocate a minimum five to ten-year investment horizon.
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