Ann: Funds Under Management - April 2019, page-67

Platinumcore investment style – seek out companies whose true worth, intrinsic value andprospects are yet to be fully recognised by the market.PTM activelymanage portfolios of undervalued companies toprovide capital growth over the long-term.
www.platinum.com.au/Our-Products

PTM view undervalued companies in China,Korea, India and other Asian countries that are engine of dynamism and growth for the world economy are investing opportunities.

www.platinum.com.au/Investing-with-Us/Investment-Updates

The trade war tariffs affect markets with a significant representation of trade-exposed companies, although the tariffs are not imposed on the companies that PTM funds invest.

www.platinum.com.au/Insights-Tools/The-Journal/Market-Update-19-June-2019

PTM funds have continued to runrisk reduction strategies via cashand short positions to Manage portfoliorisk, market risk and currency risk.

- Increase cash holdings and reduce net equity exposure to protect the portfolio - when the market experiences widespread excessive exuberance and undervalued stocks become scarce.

- Short-sell stocks and indices that have been identified as being extravagantly overvalued by the market and to limit risk by reducing a portfolio’s net invested position.

- Actively manage currency exposure using hedging devices to capture potential returns and minimising currency risks.

www.platinum.com.au/about-platinum

Platinum Funds are in a conservative position, both in absolute and historical terms.

Platinum is renowned for its conservative, value-based approach to investing with excellent performance in the 2000 dot-com bubble and 2008 GFC.