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Fat Prophets Global Contrarian Fund Ltd. ( (AU:FPC) ) just unveiled an announcement.
Fat Prophets Global Contrarian Fund reported a significant increase in its net tangible asset backing in August, with pre-tax and post-tax NTA reaching record highs. The fund’s strategic portfolio adjustments, including reducing leverage and focusing on core performers, have positioned it for continued outperformance. Thematic investments in commodities and precious metals have contributed to strong returns, while the fund remains optimistic about opportunities in Macau gaming and China’s tech sector. The fund anticipates a potential market correction but expects a surge in global equities driven by a likely US Fed rate cut cycle.
More about Fat Prophets Global Contrarian Fund Ltd.
Fat Prophets Global Contrarian Fund Ltd. operates in the financial services industry, primarily focusing on investment management. The company offers a diversified portfolio with a contrarian investment strategy, targeting undervalued assets across global markets.
Average Trading Volume: 50,910
Technical Sentiment Signal: Buy
For an in-depth examination of FPC stock, go to TipRanks’ Overview page.