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Australian Foundation Investment Company

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AFIC boss Mark Freeman says Mirrabooka’s negative returns were not surprising given the market correction after the market reached record highs last year.

‘Still ahead of the index’: AFIC’s Mirrabooka hit hard by market turbulence

Mirrabooka – an arm of the Australian Foundation Investment Company (AFIC) shed 20.9 per cent last financial year.

  • Lachlan Abbott

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Mirrabooka managing director Mark Freeman.

Investors betting on COVID-19 recovery within two to three years: AFIC

The chief executive of Australia’s largest listed investment company says investors believe there will be a recovery from COVID-19 within the next two to three years.

  • Charlotte Grieve
AFIC managing director Mark Freeman says the value seen in March and April has left the ASX.

'We’re careful about what we invest in': AFIC stays cautious amid IPO boom

The Australian Foundation Investment Company has met with dozens of IPO hopefuls over the past six months but only backed one. Why?

  • Charlotte Grieve
AFIC's profit dropped 40 per cent following the bounty of special dividends in 2018-19.

'Fully invested': AFIC props up final payout, waits for value to return to ASX

Australian Foundation Investment Company has booked a hefty drop in income after many listed companies cancelled their dividend payouts amid the first wave of the pandemic.

  • Lucy Battersby
The ASX closed at a new high last night.

Earnings season a key test for 'full' market

The country's biggest listed investment company says a surge in share prices this month has left valuations feeling 'full'.

  • Clancy Yeates
Shareholders like the convenience of getting instant diversification with an listed investment company, but they could doing better elsewhere

Blue-chip investment vehicles struggle to beat market returns

They have been around for decades and their shareholders swear by them, but are the big listed investment companies all they are cracked up to be?

  • John Collett
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AFIC boss Mark Freeman says price to earning multiples are unusually high as investors chase the best yields.

Labor franking policy helps boost AFIC profit

A listed investment company popular among retirees has seen its profit jump nearly 46 per cent thanks to share buy-backs and Labor’s franking credit refund policy.

  • Lucy Battersby
Westpac is the first bank to bring interim dividend payments forward to beat changes to franking credit refund policy.

Westpac shows the way for banks to beat Labor on franking

Paying three dividends in one year has been hailed as a tactic that others could follow.

  • Lucy Battersby
Critics of Labor's policy say changes to the credit imputation system will hurt self-funded retirees. This man spoke at a franking credit public hearing in Sydney.

'Let's just pay it out': Companies send $600m to investors to beat Labor

A raft of prominent big miners, investment and other companies rushed through more than $600 million special dividends at their half-year results.

  • Sumeyya Ilanbey
AFIC boss Mark Freeman.

AFIC delivers franking credits before they disappear

Investment company sells of a big slice of heavyweight miner Rio Tinto and trims BHP holdings to capture franking credits for shareholders.

  • Stephen Miles

Original URL: https://www.theage.com.au/topic/afi-6y