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Australian Foundation Investment Company Limited

AFIC is the largest LIC in Australia. We’ve been investing in Australian and New Zealand equities since 1928.
Our experienced team manage the AFIC portfolio with a long-term lens – aiming to provide shareholders with attractive investment returns through access to a growing stream of fully franked dividends and growth in capital invested.

Join the 130,000 shareholders across Australia that have already invested in AFIC and start enjoying the benefits:

ASX Code
AFI

Sector

Website
https://www.afi.com.au/

Spotlight Videos

Australian Foundation Investment Company (ASX:AFI) FY24 full-year results

August 12, 2024 - by Finance News Network

CEO and Managing Director Mark Freeman and Portfolio Manager David Grace discuss the FY24 full-year results of Australian Foundation Investment Company (ASX:AFI).

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Australian Foundation Investment Company (ASX:AFI) FY24 half-year results

February 8, 2024 - by Finance News Network

CEO and Managing Director Mark Freeman and Portfolio Manager David Grace discuss the FY24 half-year results of Australian Foundation Investment Company (ASX:AFI).

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Australian Foundation Investment Company (ASX:AFI) FY23 full year results

August 2, 2023 - by Finance News Network

Mark Freeman, CEO and David Grace, Portfolio Manager discuss the FY23 full year results of Australian Foundation Investment Company (ASX:AFI).

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AFIC FY 2021/22 Full Year Results Summary

August 2, 2022 - by Australian Foundation Investment Company

Australian Foundation Investment Company Managing Director Mark Freeman and Portfolio Manager David Grace discuss the Listed Investment Company's FY 2021/22 results.

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AFIC 2021 Full Year Result Briefing

July 26, 2021 - by Australian Foundation Investment Company

General Manager Geoff Driver, Managing Director Mark Freeman and Portfolio Manager David Grace give a summary of AFIC's full year result to 30 June 2021.

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News

Our Banks are Better

May 4, 2023 - by Australian Foundation Investment Company

Portfolio Manager Brett McNeill explains why Australian banks don’t present the same concerns as their US counterparts and continue to be an attractive investment for AFIC.

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Opportunities in Volatile Markets

September 6, 2022 - by Australian Foundation Investment Company

Portfolio Manager David Grace provides a closer look at some of the companies recently added to the AFIC portfolio along with additions made to existing holdings.

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The Impact of Inflation and Interest Rates on Investments

May 30, 2022 - by Australian Foundation Investment Company

AFIC's David Grace comments on the recent change to RBA monetary policy and the positioning of AFIC’s portfolio of high-quality company investments in this environment.

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AFIC Profit Up, Outperforms ASX-200 in First Half

February 2, 2022 - by Australian Foundation Investment Company

AFIC Managing Director, Mark Freeman, discusses the LIC’s strong performance for the first half of the 2021/22 financial year and outlines what the outlook is for the future.

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Earnings Surge but Dividend Steady for AFIC

January 24, 2022 - by Glenn Dyer

Unlike its smaller associate Djerriwarrh Investments, Australian Foundation Investment Co (AFIC) did not lift the company’s interim dividend, despite a surge in income and earnings.

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Things Looking on the Up for LICs

January 23, 2022 - by Glenn Dyer

Friday’s December half figures from Djerriwarrh Investments gave us a good idea of the way most of the listed investment company sector will report their interim results.

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A Positive Year for the Banks

November 29, 2021 - by Australian Foundation Investment Company

It’s been a good year for the ‘Big Four’ banks as they have returned to pre-pandemic profit levels, and AFIC has benefited from a higher level of dividends reflective of the better outlook.

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Does Size Matter for Listed Investment Companies?

July 23, 2021 - by Australian Foundation Investment Company

With some merger and acquisition activity starting to happen in the LIC space recently ‒ investors may be wondering if size matters with LICs. Well, according to AFIC, it does and it doesn’t.

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Succeeding Over the Long Term

June 23, 2021 - by Australian Foundation Investment Company

Australian Foundation Investment Company (AFIC) Managing Director Mark Freeman explains why AFIC has held some stocks for 90 years and how it benefits investors.

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The Advantages of a Traditional LIC

May 3, 2021 - by Australian Foundation Investment Company

Amid the massive boom in Listed Investment Companies (LICs) and Trusts (LITs) over recent years, there’s a lot to be said about the advantages of a ‘traditional’ LIC, such as AFIC.

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