Australian Foundation Investment Company Limited traded at 6.61 this Wednesday April 1st, increasing 0.10 or 1.46 percent since the previous trading session. Looking back, over the last four weeks, Australian Foundation Investment gained 4.28 percent. Over the last 12 months, its price fell by 8.01 percent. Looking ahead, we forecast Australian Foundation Investment Company Limited to be priced at 6.50 by the end of this quarter and at 6.08 in one year, according to Trading Economics global macro models projections and analysts expectations.
Australian Foundation Investment Company Limited is an investment company, which is focused on investing in Australian and New Zealand equities. Its investment objective is to pay a stable to growing dividend over time and to provide attractive total returns over the medium to long term. It has two portfolios of securities: the investment portfolio and the trading portfolio. The investment portfolio holds securities which the Company intends to retain on a long-term basis and includes a small sub-component over which options may be written and an additional small sub-component of international (non-Australian/New Zealand listed) stocks. The trading portfolio consist of securities that are held for short term trading only, including call option contracts written over securities that are held in the specific sub-component of the investment portfolio and on occasion put options, and is relatively small in size. Its investment sectors include banks, industrials, healthcare, and others.