Fat Prophets Fund Sees Strong September Surge

Fat Prophets Global Contrarian Fund Ltd. (AU:FPC) has released an update.

Fat Prophets Global Contrarian Fund reports an 8.72% pre-tax and 6.45% post-tax increase in net tangible asset (NTA) backing in September, with portfolio leverage lifting net exposure to 108.61%. The Fund experienced significant gains in China, Hong Kong, and Japan, attributing a potential new bull market in Chinese equities to recent monetary policy initiatives by the PBOC. Moreover, precious metals like gold and silver have soared, with key mining stocks hitting five-year highs, suggesting a revaluation potential in the sector.

For further insights into AU:FPC stock, check out TipRanks’ Stock Analysis page.