AFIC

Funds management

High fees and persistent discount deterring advisers from LICs

There are likely to be fewer listed investment vehicles coming to market, according to one of Australia’s oldest listed investment companies, as they find it hard to cove...

Funds management

AFIC sells out of Perpetual and AMP

Australian Foundation Investment Company has reduced the number of its total holdings from 85 to 71, selling out of Perpetual and AMP due to ‘sustainable competitive adva...

Funds management

AFIC profits rise 45 per cent

Australian Foundation Investment Company has seen profits rise by 45 per cent in 2019 to more than $400 million, as a result of ‘several one-off factors’. ...

Awards

A different perspective

An investment approach which takes into account a business as a whole has seen the Australian Foundation Investment Company to be named the top listed investment companie...

Policy & Regulation

Investors again voice fears over dividend reform

Another survey, this time by the Australian Foundation Investment Company, has unsurprisingly found that many investors are deeply concerned by Labor’s proposed franking ...

Funds management

AFIC reports significant growth in net profit

Australian Foundation Investment Company has reported a 62.5 per cent growth in net profit to $250.3 million from the previous corresponding period....

Funds management

AFIC’s full-year net profit up 13.7pc to $279m

Australian Foundation Investment Company has posted a 13.7 per cent rise in full-year profit, thanks to a lift in dividends....

Funds management

AFIC profit down 18.9 per cent

AFIC has posted a half year profit of $118.3 million, down 18.9 per cent, after a decline in investment income....

Funds management

Australian Foundation Investment Company’s profit falls

LIC Australian Foundation Investment Company has reported a drop in profits from 2015 to 2016, but its return outperformed the index over 10 years. ...