2020 is upon us, and with it new expectations, circumstances and conditions for equity markets both locally and abroad. In this video, Australian Foundation Investment Company (ASX: AFI) CEO and Chief Investment Officer Mark Freeman discusses the recent changes made to the firm’s investment portfolio.
Key points in the video :
- The dynamic nature of the AFIC equity portfolio;
- Why the firm has reduced the number of different investments it holds;
- What types of companies they’ve either offloaded or retained;
- Some stock-and sector-specific examples of the changes they have made.
Mark Freeman became Chief Executive Officer & Managing Director in January 2018 having been Chief Investment Officer since joining the Company in February 2007. Prior to this he was a Partner with Goldman Sachs JB Were where he spent 12 years advising the Investment Companies on their investment and dealing activities. He has a deep knowledge and experience of investments markets and the Company’s approaches, policies and processes. He is also Managing Director of Djerriwarrh Investments Limited, AMCIL Limited and Mirrabooka Investments Limited.