These are the ASX blue-chip shares this big Aussie fund has been buying

MotleyFool10-03 12:54

The listed investment company (LIC) Australian Foundation Investment Co Ltd (ASX: AFI) (AFIC) has been investing in some particular ASX blue-chip shares. The old and largest LIC owns a portfolio of ...

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href=https://www.fool.com.au/2024/10/03/these-are-the-asx-blue-chip-shares-this-big-aussie-fund-has-been-buying/><strong>MotleyFool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The listed investment company (LIC) Australian Foundation Investment Co Ltd (ASX: AFI) (AFIC) has been investing in some particular ASX blue-chip shares.\nThe old and largest LIC owns a portfolio of ...</p>\n\n<a href=\"https://www.fool.com.au/2024/10/03/these-are-the-asx-blue-chip-shares-this-big-aussie-fund-has-been-buying/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4229","symbol_name":"商业和住宅抵押贷款融资","start_time":0,"source_url":"https://www.fool.com.au/2024/10/03/these-are-the-asx-blue-chip-shares-this-big-aussie-fund-has-been-buying/","article_id":"2472656629","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2472656629","pubTimestamp":1727931242,"sourceInfo":{"source_id":"motleyfoolau_stock","name":"MotleyFool"},"weMediaInfo":null,"summary":"The listed investment company  Australian Foundation Investment Co Ltd   has been investing in some particular ASX blue-chip shares.The old and largest LIC owns a portfolio of many of the most-recognised ASX shares, such as Commonwealth Bank of Australia , BHP Group Ltd , CSL Ltd , Macquarie Group Ltd  and Wesfarmers Ltd .AFIC revealed its latest thoughts on the ASX share market and the broader economic picture to investors at its annual general meeting .Many of AFIC's largest ASX blue-chip positions are long-held, though it revealed it had lightened its positions in CBA,Westpac Banking Corp,ANZ Group Holdings Ltd,National Australia Bank Ltd,Wesfarmers Ltd, and Ramsay Health Care Ltd .The LIC told investors which ASX 200 shares it has been buying.Two new names to enter the portfolio have been the energy and service station business Ampol Ltd  and the energy and professional services business Worley Ltd .The LIC has also made investments in a number of existing ASX blue-chip holdings, i","collect":0,"end_time":0,"defaultTopTitle":"fool.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4229":"商业和住宅抵押贷款融资","XKO.AU":"标普/澳交所 300指数","AFI.AU":"AUSTRALIAN FOUNDATION INV CO","AGM.AU":"Australian Governance and Ethical Index Fund","BK7113":"保健护理机构","ALD.AU":"AMPOL LTD","BK4195":"互助储蓄与抵押信贷金融服务","CBA.AU":"COMMONWEALTH BANK OF AUSTRAL","BK7065":"石油与天然气的炼制和营销","WDS.AU":"WOODSIDE ENERGY GROUP 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blue-chip positions are long-held, though it revealed it had lightened its positions in CBA, Westpac Banking Corp (ASX: WBC), ANZ Group Holdings Ltd (ASX: ANZ), National Australia Bank Ltd (ASX: NAB), Wesfarmers Ltd (ASX: WES), and Ramsay Health Care Ltd (ASX: RHC).\nThe LIC told investors which ASX 200 shares it has been buying.\nRecent ASX blue-chip investments\nAFIC revealed that it has been investing across a range of industries recently.\nTwo new names to enter the portfolio have been the energy and service station business Ampol Ltd (ASX: ALD) and the energy and professional services business Worley Ltd (ASX: WOR).\nThe LIC has also made investments in a number of existing ASX blue-chip holdings, including:\n\nGoodman Group (ASX: GMG), an industrial property owner and developer\nTelstra Group Ltd (ASX: TLS), Australia's largest telecommunications business\nBHP Group Ltd (ASX: BHP), one of the world's biggest resource companies\nJames Hardie Industries plc (ASX: JHX), a major building products manufacturer\nWoodside Energy Group Ltd (ASX: WDS), one of the region's largest oil and gas businesses\nIdp Education Ltd (ASX: IEL), a large student placement and English testing business\nResmed CDI (ASX: RMD), a sleep apnea treatment-focused company\n\nThese are interesting moves by the company and suggest AFIC sees/saw long-term value in these names. Time will tell whether these investment calls were right.\nAFIC's thoughts on the wider ASX share market\nThe LIC said at the AGM that slowing economic growth is providing an increasingly challenging environment for companies to deliver earnings growth.\nIt noted that the market has been prepared to pay for high valuations where there is a high degree of confidence in earnings growth.\nAFIC said drivers of market performance are expected to broaden and it remains focused on companies that are \"well-positioned to create long term shareholder value.\"\nThe investment team at AFIC remain confident in the long-term, they said:\n\nThe portfolio is invested in well managed companies with proven track records of financial discipline capturing value-accretive opportunities as they arise.\n\nAFIC share price snapshot\nOver the last 12 months, the AFIC share price has risen by 9%.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.3","shortVersion":"4.28.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2472656629"}