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The latest announcement is out from Fat Prophets Global Contrarian Fund Ltd. ( (AU:FPC) ).
Fat Prophets Global Contrarian Fund reported an estimated pre-tax net tangible asset value of $1.7893 per share as at 25 March 2026, down from $2.1916 at the end of February, representing an 18.4% decline. The sharp drawdown followed a strong period of outperformance since April last year and has been largely attributed to a risk-off shift in global markets linked to the Middle East conflict, which has driven oil prices higher and sparked concerns over inflation and global growth.
The fund said the fall in its NTA was primarily driven by a heavy sell-off in gold and other precious metals, with global precious metal miners dropping around 30% this month and gold prices sliding sharply alongside declines in silver and platinum. Management remains relatively optimistic that markets are in the final stages of a steep correction, citing parallel weakness in major U.S. technology names, more attractive equity valuations globally, and signs of easing tensions between the U.S. and China ahead of a planned Trump–Xi summit, factors they believe could support a rebound if the Middle East situation de-escalates.
The most recent analyst rating on (AU:FPC) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Fat Prophets Global Contrarian Fund Ltd. stock, see the AU:FPC Stock Forecast page.
More about Fat Prophets Global Contrarian Fund Ltd.
Fat Prophets Global Contrarian Fund is an ASX-listed investment fund that offers investors exposure to a diversified portfolio of global equities, with a particular focus on contrarian opportunities. The fund holds significant positions in sectors such as precious metals mining, technology, and Chinese mainland IT and technology companies, seeking to capitalise on mispriced assets and cyclical market dislocations.
Average Trading Volume: 28,114
Technical Sentiment Signal: Buy
See more data about FPC stock on TipRanks’ Stock Analysis page.