Cadence Opportunities Fund Navigates Volatile Market

Cadence Opportunities Fund Ltd. (AU:CDO) has released an update.

Cadence Opportunities Fund reported a challenging month with a -1.6% return, underperforming the All Ordinaries Accumulation Index, which rose by 3.7%. Gold stocks, impacted by a falling gold price and specific company issues like Resolute Mining’s CEO detention, were major detractors, while Echo IQ and Netflix drove gains. Despite the market volatility, the fund distributed a fully franked year-end dividend and maintains a strong reserve for future payouts.

For further insights into AU:CDO stock, check out TipRanks’ Stock Analysis page.