Fat Prophets Global Contrarian Fund Ltd. (AU:FPC) has released an update.
Fat Prophets Global Contrarian Fund reports a solid start to May, with investments in China/Hong Kong equities and key commodities like uranium, silver, and gold driving performance. The fund has increased its positions in platinum miners, anticipating a significant rise in the platinum spot price. Despite positive momentum and a 6% increase in pre-tax NTA in the first half of May, FPC shares still trade at a notable discount, offering potential value to investors.
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