Cadence Opportunities Fund Ltd. (AU:CDO) has released an update.
Cadence Opportunities Fund reported a -3.8% gross performance in August, underperforming the All Ordinaries Accumulation Index which rose by 0.4%. The fund announced a 7.0 cents per share fully franked year-end dividend, marking an increase from the interim dividend and resulting in a full-year dividend of 13.5 cents per share. Amidst global economic shifts, the firm highlighted its investments in gold production and technology stocks, while also addressing a Chinese economic slowdown impacting the resources sector.
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