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Fat Prophets Global Contrarian Fund Ltd. ( (AU:FPC) ) has issued an announcement.
Fat Prophets Global Contrarian Fund reported a sharp decline in net tangible assets for March 2026, with pre-tax NTA falling 19.5% to $1.7641 and post-tax NTA down 16.45% to $1.6217. Management attributed the drawdown to a global risk-off shift driven by the Middle East conflict, surging oil prices, and a steep selloff in gold and other precious metals miners.
The fund has recovered part of the loss in early April and is repositioning to capture a potential rebound, adding sizeable positions in Microsoft and Meta Platforms after significant corrections in U.S. technology stocks. It also increased exposure to Chinese tech names, gold and precious metals, and Capstone Copper, arguing that attractive valuations, a possible resolution of the conflict, and renewed commodity stockpiling by governments could support a recovery in its portfolio and broader markets.
More about Fat Prophets Global Contrarian Fund Ltd.
Fat Prophets Global Contrarian Fund Ltd. is an Australia‑listed investment fund focused on a contrarian global equity strategy. The fund invests across sectors and regions, with notable exposure to precious metals miners, U.S. large-cap technology stocks, and major Asian, including Chinese, technology companies. It actively adjusts portfolio positions in response to macroeconomic and geopolitical developments impacting global markets.
Average Trading Volume: 24,539
Technical Sentiment Signal: Strong Buy
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