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Platinum Asia Investments Limited

Fund Manager: Platinum Asset Management
Inception Date: Sep 01, 2015

This is a guest post from Steve Green. Steve is a full-time investor with a focus on LICs, event-driven and activist investing. You can follow some of his ideas at his investment blog at www.valueinvestingforaliving.com Author’s note: In compiling this article I have used data as at 25th April, 2018. Recently I was checking out Morphic Ethical Equities Fund (MEC) and observed how fickle the premium / discount to NTA can behave. It is almost one year since listing and this type of pat ... [More]

Platinum sells $24m Asia stake

Financial Standard - Dec 14, 2017

Platinum Investment Management is selling $24 million worth of shares in its Asia listed investment company, the underlying strategy of which was recently rated as one of the top-performing funds of its ilk by Morningstar. Platinum Asia Investments (PAI) updated securityholders yesterday that Platinum had entered into an agreement with Taylor Collison to arrange a book build for the sale of 20 million ordinary shares at a price of $1.22 share. This represented a 2.8% discount to PAI's most recent estimated weekly pre-tax net tangible asset backing per share. PAI said the sale came about due to "substantial investor demand" for shares which could "not be easily met by the ordinary ASX daily trading volume in the stock." At this time, Platinum still holds 30 million PAI shares, making it the largest shareholder in the LIC. [More]

Platinum LIC reaps Asia rewards

Financial Standard - Sep 19, 2017

The Platinum Asia Investments listed investment company saw strong investment gains of 20.21% in the 12 months to June 30. The performance, measured in pre-tax net tangible assets growth, was nonetheless slightly lower than the return delivered by the MSCI All Country Asia ex-Japan Net Index, which was 23.02% over the same period. The company has reported a net profit after tax of $39.2 million, and as a result has declared a maiden fully-franked final dividend for one cent per share. Reflected by Platinum Investment Management's recent Asia commentary, PAI chair Bruce Coleman said the region will likely deliver strong returns over the coming financial year, given that it is "growing robustly, in markets positioned for safety and yield after nearly a decade of monetary experimentation in the West." [More]

Time for global active managers to outperfor ...

Steve Green from stevegreeny.com - Aug 24, 2017

This is a guest post from Steve Green. Steve is a full-time investor with a focus on LICs, event-driven and activist investing. You can follow some of his ideas at his investment blog at www.stevegreeny.com Most investors probably have an inkling that active fund managers are not doing a stellar job when it comes to outperforming the S&P 500 of late. Sometimes a chart is worth a thousand words, and here is one that ought to grab the attention of those with a penchant towards a mean revers ... [More]

How to invest in emerging markets

Financial Review - Jan 29, 2016

Investors typically use specialist managed funds for emerging markets exposure, but a growing number of exchange traded funds and listed investment companies also provide exposure, and online brokers are making it easier to buy offshore shares directly. Here are four strategies to consider. [More]

More global LICs needed to satisfy investor demand in 2016

Sydney Morning Herald - Jan 08, 2016

Listed investment companies may launch more global funds this new year as jittery investors chase international exposure, seeking respite from record-low interest rates and losses from the local sharemarket.  Nathan Umapathy, research analyst at Bell Potter Securities, said there remained a "huge gap" in available international LIC products for Australian investors looking to diversify their portfolios.  With more than $75 billion already wiped off the local bourse since the start of this year, investors may soon be knocking on the doors of fund managers and LICs for more global muscle. [More]

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