Fat Prophets Global Property Fund (AU:FPP) has released an update.
The Fat Prophets Global Property Fund (FPP) reported a 4.48% decrease in their Net Tangible Assets (NTA) per unit for April 2024, citing a significant weakening of the Japanese yen against the Australian dollar. Despite this decline, FPP managed to outperform its benchmark during a month that saw a general pullback in global interest rate cut expectations, impacting index returns and Australian REITs negatively.
For further insights into AU:FPP stock, check out TipRanks’ Stock Analysis page.
