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An update from Fat Prophets Global Contrarian Fund Ltd. ( (AU:FPC) ) is now available.
Fat Prophets Global Contrarian Fund announced an improvement in its portfolio performance for November, with the Net Tangible Assets (NTA) per share moving back into positive territory. This positive shift was driven by a rally in gold and precious metals, benefiting the company’s significant exposure to mining stocks, and strong performance from Japanese banks reaching twenty-year highs due to solid earnings, buybacks, and increased dividends. The announcement suggests a potential rate hike by the Bank of Japan, which could further impact the fund’s positioning and stakeholder interests.
More about Fat Prophets Global Contrarian Fund Ltd.
Fat Prophets Global Contrarian Fund Ltd. operates in the financial services industry, focusing on investment management. The company provides a platform for investors to gain exposure to contrarian investment strategies, with a particular emphasis on undervalued or overlooked opportunities in global markets.
Average Trading Volume: 47,825
Technical Sentiment Signal: Buy
Find detailed analytics on FPC stock on TipRanks’ Stock Analysis page.