Independent Investment Research is upgrading its rating on Australian Foundation Investment Company from “Recommended Plus” to “Highly Recommended”. The upgrade recognises AFIC’s sound investment processes, highly experienced investment team and Board, transparency, exceptionally low costs and the benefits of a lengthy track-record. Investors can gain confidence from a track-record in which the Manager has achieved its investment objectives over the long-term, particularly in delivering a stable, growing, fully-franked dividend. Refer to our full research report for details of the upgrade.


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