Managed funds Figures

Originally posted by lilac ↑

Thanks for a worthwhile thread above.

I currently have these in my Super, as well as sitting on a bit of cash.

Allan Gray Australian Equity A
Alphinity Wholesale Australian Share
Bennelong ex-20 Australian Equity
Magellan Global
Magellan Infrastructure
Pengana Australian Equities Class A
Perennial Value Shares W/sale Trust
Robeco BP Global Premium Equities AUD
Schroder Global Value

Have been considering putting some of the cash into Platinum Int. however I see that it is about to list on the ASX. This makes me a bit wary as I feel it won't only now be beholden to try for decent returns to superannuants etc, but also have shareholders expecting their take twice a year in the form of dividends.

Am I being naive, or relatively astute in other's opinions please? Could it be that Platinum for all its previous good track record is running out of ideas and now sees an IPO as another string in its bow????

Maybe another option before I commited any of my Super held cash to another fund such as Platinum, (was also planning to top up maybe Magellan), but could sit out a few more months in order to see how Plat listing goes, but also hedghe my bets on some ructions in the broader market around the Oct period. (think someone on this thread already aired thoughts about traditional Oct correction?)

Hope all fathers out there are feeling content tonight and looking forward to your opinions re Platinum.

Rgds

Expand

hi Liliac, the Platinum international ASX listing you refer to is simply a Quoted managed fund, a feeder fund into the existing longstanding unlisted Platinum international fund. it is an open ended fund therefore it will trade at around NTA like an exchanged traded fund, rather than at discounts or premiums to NTA as occurs in closed ended LIC's. there is therefore no need to "wait and see how it goes after listing". the only real difference over the long running unlisted fund is more rapid liquidity in and out.
Platinum international used to be a good performer but over the past 7 years has been very ordinary and at times
underperformed the market by a long way. Kerr Nielsen used to have a great reputation but he looks to have lost his mojo a few years ago. Being a long short manager Platinum international would probably do better in down markets. Performance has picked up this year, but prior to 2017 it had underperformed the market over the past 1, 3, 5 and 7 year periods leading me to give up on it. Performance has probably picked up recently because Kerr Nielson has given over part of the fund's management to Andrew Clifford and Clay Smolinski. Clay Smolinski has done a great job with the Platinum unhedged fund, which I am in. It has done a lot better ( 27% past year and 19.6% p.a over past 5 yrs ) but it is unlisted.
I do like the Platinum Asia fund and I have money in that. I see Platinum has announced they will be ASX listing their Asia fund also. You might want to look at that for some emerging markets diversification seeing as you already have other global funds such as Magellan.

I recommend Antipodes. Antipodes Global is also a long short fund but has outperformed the market since inception 2 or 3 years ago in rising global markets despite having shorts and cash. It's run by Jacob Mitchell who was a portfolio manager at Platinum for years. My preference is for Antipodes and Magellan over Platinum international. Antipodes has a listed LIC as well as an unlisted managed fund.

Perennial are very mediocre and have underperformed for a long time. There are plenty of better Aussie managers out there. I note you have Bennelong ex 20, a good choice. You might want to look also at Bennelong Concentrated fund , a broad cap fund which has done really well over the past 5 years, better than the ex 20.