Fat Prophets Global Contrarian Fund Ltd. (AU:FPC) has released an update.
Fat Prophets Global Contrarian Fund reported a robust performance with its pre-tax and post-tax net tangible assets increasing by 7.93% and 5.61% respectively in May. Key success factors included investment in Japanese financials and precious metals, amidst a favorable economic outlook in Japan with expected interest rate rises and increased household investment in equities. The Fund also highlighted strong performance and potential in Chinese tech companies and anticipates benefits in commodities like uranium and copper from AI infrastructure development.
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