The 7 stocks this LIC giant is buying to recover after ‘perfect storm’

Everything went wrong for listed investment giant Australian Foundation Investment Company in the December half. Here’s how it’s fighting back.

Markets can be cruel sometimes.

Just days after it emerged British stock picker Sir Christopher Hohn had delivered the biggest ever annual gain in the history of the hedge fund sector by focusing exclusively on old-fashioned high-quality stocks with high barriers to entry, the local listed investment company that arguably most mirrors his style has turned in one of its worst performances in years.

Source: https://www.afr.com/chanticleer/how-a-perfect-storm-smashed-returns-at-asx-s-oldest-investment-giant-20260121-p5nvwe