Fat Prophets Global Property Fund (AU:FPP) has released an update.
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The Fat Prophets Global Property Fund (FPP) reported a robust performance with a 3.0% increase in Net Asset Value (NTA) for August 2024, outshining the Australian REIT market’s modest 0.6% gain for the same month. This follows a substantial 8.1% rise in July, indicating a period of strong growth for the fund. Despite a strengthening Australian dollar which slightly impacted returns, the fund’s cash balance remained steady at 7.5%.
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