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Fat Prophets Global Contrarian Fund Ltd. ( (AU:FPC) ) just unveiled an update.
Fat Prophets Global Contrarian Fund reported an estimated pre-tax net tangible asset value of $1.9566 per share as of 15 April 2026, up from $1.7641 on 31 March, representing a 10.9% increase. The rebound was driven by strong performances in newly added holdings Microsoft and Meta Platforms and included the impact of a recently paid 2-cent special dividend.
Management said the fund has continued to recover from the sharp March drawdown as risk appetite gradually improves in global markets, aided by easing concerns over AI-related disruption and capital expenditure, optimism about an end to the Middle East conflict, and lower oil prices. Solid U.S. reporting season results and record highs in major U.S. indices underpin the manager’s positive outlook for financial markets and the fund’s performance in the coming months.
More about Fat Prophets Global Contrarian Fund Ltd.
Fat Prophets Global Contrarian Fund Limited is an Australia-listed investment fund trading on the ASX under the code FPC. The fund pursues a global contrarian strategy, investing in international equities such as large U.S. technology stocks, and targets opportunities created by market dislocations for its shareholders.
Average Trading Volume: 22,461
Technical Sentiment Signal: Buy
See more insights into FPC stock on TipRanks’ Stock Analysis page.