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.
You are right.Platinum benefited from the good performance of...
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Last
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