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Fat Prophets Global Contrarian Fund Ltd. ( (AU:FPC) ) has provided an announcement.
Fat Prophets Global Contrarian Fund has reported an estimated pre‑tax net tangible asset value of $1.8233 per share as at 20 May 2026, up 0.33% since 30 April 2026. The fund’s performance has been supported by its sizeable holdings in Japanese banks, including Mitsubishi UFJ, which has delivered record profits for a third consecutive year amid a favourable interest rate environment.
Management highlighted that Mitsubishi UFJ has raised its return on equity target and is returning more capital through higher dividends and a share buyback, yet still trades at a discount to global peers. The fund’s ongoing rights issue, which has attracted early support and is underwritten up to $1 million, is intended to strengthen the fund’s capital base, with the manager committing to take up its full entitlement of about $870,000.
More about Fat Prophets Global Contrarian Fund Ltd.
Fat Prophets Global Contrarian Fund Limited is an ASX‑listed investment fund (code FPC) focused on global contrarian opportunities across equity markets. The fund currently maintains a significant exposure to Japanese banking stocks, positioning itself to benefit from improving profitability in that sector as interest rates in Japan rise from historically low levels.
Average Trading Volume: 13,362
Technical Sentiment Signal: Buy
For a thorough assessment of FPC stock, go to TipRanks’ Stock Analysis page.