Wow. AFIC still claiming to be outperforming the XJO thanks to 'net asset per share growth' over a 12 month period to May 31 / 2024. Yet, the price chart over that same period shows that the XJO has risen by over 8.5%. Meanwhile, AFIC has floundered with an increase with a tick over 1% in that 12 month period to May 31. Tell me I'm wrong (and back it up).
Been trading at a discount for quite some time now. I'm assuming that all of the people who say to buy this at a discount have been investing heavily over the past 12 months? Or, is AFIC going to go the same way as their kissing cousins and trade at a discount - permanently? Where are the investors of the future investing their money? Old fashioned LICS or ETF's? I believe that it's because of this that AFIC will trade at a discount for the foreseeable future.
The stats regarding inflows into passive management vehicles like ETF's that are cheaper than LICS is compelling.
Days of trading at a premium are over. When you consider the share of the pie that AFIC have invested in banks at a time when banks have been roaring, AFIC has barely moved the needle whilst offering up a meagre 3.5% dividend.
Laggard.
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Last
$7.15 |
Change
0.010(0.14%) |
Mkt cap ! $8.948B |
Open | High | Low | Value | Volume |
$7.13 | $7.17 | $7.12 | $3.650M | 510.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1852 | $7.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.16 | 14008 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1852 | 7.150 |
4 | 37879 | 7.140 |
5 | 11884 | 7.130 |
3 | 10462 | 7.120 |
13 | 21596 | 7.110 |
Price($) | Vol. | No. |
---|---|---|
7.160 | 14008 | 2 |
7.170 | 3505 | 1 |
7.180 | 7056 | 5 |
7.200 | 66904 | 26 |
7.210 | 3732 | 4 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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