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