Australian Foundation Investment Company Limited

Australian Foundation Investment Company Limited (AFIC) operates as a publicly traded asset management firm. Its primary focus involves allocating capital within the public stock markets of both Australia and New Zealand, specifically targeting businesses identified as undervalued. The company's investment strategy encompasses a broad spectrum of industries, and it meticulously gauges its portfolio's returns against the S&P/ASX 200 Accumulation Index. To pinpoint suitable investments, AFIC employs a rigorous approach rooted in fundamental analysis, emphasizing detailed, bottom-up research conducted by its internal team. AFIC, established in 1928, maintains its headquarters in Melbourne, Australia.