unlike Magellan, the Platinum funds can and do short both stocks and indices and can hold lots of cash. So I'd expect Platinum to outperform Magellan during bad times in the markets. currently their International fund is 89.9% long, 17% short, nett 72.9% and holding 27% cash. while the Asia fund is 77.7% long, 3.6% short, nett 74% and holding 26% cash. I think of it like having insurance in a portfolio. I'm a long term holder of Platinum Asia, Platinum International and their Healthcare fund. Agree performance in most of their funds has been disappointing in lagging over the past 1, 3, 5, 7 and 10 year periods. except for the Healthcare fund which has done very well ( 16.1% p.a over past 10 years vs the MSCI Healthcare index 15% ). but in a bear market, they should outperform Magellan I would think. I also hold Antipodes global long /short, same story....
PTM Price at posting:
$4.64 Sentiment: Hold Disclosure: Held
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