Katana Capital Ltd. (AU:KAT) has released an update.
Katana Capital Ltd. has reported a solid gross investment return of 9.21% for the fiscal year ending June 30, 2024, outperforming the All Ordinaries index’s 8.27%. The company successfully executed a strategic reduction in cash holdings from 27.7% to 4.1% by year-end, capitalizing on market conditions including peak inflation and anticipating interest rate cuts. Despite the volatility in sectors like technology and healthcare, and a surprising downturn in lithium prices, the fund’s outlook remained positive on electric vehicle sales and long-term supply-demand deficits.
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