Hearts and Minds Investments Ltd (AU:HM1) has released an update.
Hearts and Minds Investments Ltd reported a monthly investment update, revealing a 2.8% drop in their portfolio for April 2024, slightly outperforming broader market declines. The update highlighted strategic profit-taking from successful investments and reinvestments into promising opportunities, despite challenging market conditions marked by persistent inflation and rate cut uncertainties. The company maintains a positive outlook, backed by an 18% portfolio increase over the past six months and consistent support for Australian medical research institutes.
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