Fat Prophets Global Property Fund (AU:FPP) has released an update.
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Fat Prophets Global Property Fund (FPP) reported a robust performance with its Net Tangible Assets (NTA) increasing by 2.53% in September 2024, contributing to a significant 14.1% rise since the beginning of the fiscal year. Australian Real Estate Investment Trusts (REITs) were notably strong performers, whereas Global REITs showed a more modest increase. Despite a strengthening Australian dollar impacting returns, the fund also paid out a 3.0 cent distribution in June.
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