AFIC’s guide to long-term investing

MD Ross Barker explains the LIC’s broad strategy.

Summary: There are ever-present headwinds across the Australian share market, but Ross Barker says his focus as managing director of Australian Foundation Investment Company is to pick stocks that will deliver growth over the long term.

Key take-out: AFIC has large positions in the big four major banks, but has been reducing them on the expectation that returns from the banks will dip. At the same time, the LIC has been lifting its exposures to stocks in other sectors.

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