PTM 2.30% $1.06 platinum asset management limited

News: PTM Platinum Asset Management Posts FY Net Profit Attributable Of $157.7 Million, page-408

  1. 3,923 Posts.
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    You are right.
    Platinum benefited from the good performance of Asia ex Japan in June, which seems to be + 0.5 % according to VAE.
    Unfortunately, it was also partly offset by their exposure to Japan. Nikkei 225 was - 3.2 % in June and - 5.4 % in AUD, according to my calculation.

    At the end of May, their main fund (Platinum International Fund) had a net exposure of 12.8 % for Asia ex Japan and 8.3 % for Japan.

    So, they had a lot of good bets in June :
    - their short exposure to tech,
    - their exposure to USD,
    - and their exposure to Asia ex Japan (as you mentioned it).

    At 29/6/22, Platinum International fund NAV performance was - 2.2 % MTD.
 
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