Fat Prophets Global Contrarian Fund Ltd. (AU:FPC) has released an update.
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The Fat Prophets Global Contrarian Fund has seen significant gains, particularly driven by a rally in China/Hong Kong equities following a surprise monetary policy initiative by the PBOC. Commodities and resources sectors have also experienced their best rally in years, while a weakening US dollar has propelled precious metals to record highs. The fund’s Japanese investments are recovering, and with the TOPIX benchmark nearing record highs, a buyback strategy is considered highly accretive to NTA.
For further insights into AU:FPC stock, check out TipRanks’ Stock Analysis page.