They aren't overweight the 4 banks, which are currently 22% of the index according to the A200 ETF. AFI are currently 21% banks, but I recall they were down to 15% for a while during the past few years. Looking at their latest monthly report, their top 25 stocks includes plenty of mid cap growth stocks including Cochlear, REA, CAR, Xero, ARB, Reece and Resmed. I think they have more growth stocks than ARG has in its top 20 list. They've also streamlned their portfolio in recent years down to about 60 stocks, whereas ARG still has a more bloated list of 100+ stocks ( as AFI used to ). ARG is OK but my personal preference is for AFI, AUI and MIR amongst the old school LICs.
BKI Price at posting:
$1.71 Sentiment: None Disclosure: Not Held
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