| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | The Fund's Portfolio will typically have about 90% exposure to stocks. The Fund's Portfolio is constructed in accordance with 'Platinum's Investment Methodology', except that no market risk management of either markets or currencies will be undertaken. The geographic disposition of the assets will determine the Fund's currency exposure. The Fund's Portfolio is constructed by the senior analysts of Platinum's investment team under one analyst's chairmanship. Since inception, the Portfolio has generally held 50 stocks with limited commonality to the Platinum International Fund. On account of the relatively concentrated nature of the Portfolio, holdings that carry great conviction will generally be larger than in the Platinum's risk managed products (i.e. the other Platinum Trust Funds). The Fund may use Derivatives to achieve long equity exposure. |
| Manager Comments | The Fund is 94% invested (with no shorting) and its major exposures are 29.6% North America an 26.3% to Japan. Major sector exposures are to Information Technology (19.9%), Consumer Discretionary (15.6%) and Financials (14.2%). Exposures to Utilities and Telcos are both under 2% of the portfolio. Notably the two largest exposures are to Microsoft at 4.6% and Toyota at 3.3%. The manager's recently released quarterly report notes that while the Fund is built one stock at a time for the purpose of investor communication it is useful to group some of these holdings by theme. Currently these themes include; US capital spending renaissance driven by a globally competitive supply of natural gas, Explosive growth in mobile data, The rise of local emerging world consumer giants, Consumer globalisation - western brands, retailers and service providers positioned for global growth, Post-patent cliff pharmaceuticals and personalised medicine, Japanese relation driven by a broad consensus on the need for change, Gold- a hedge against a self-reinforcing cycle competitive quantitative easing (QE) from the three large developed world currency blocs. The manager's outlook for markets notes that there is some complacency creeping back into markets in the face of data disappointments, particularly, in the Japanese and European periphery. However Platinum remains cautiously optimistic that a combination of a continued recovery in US investment spending and loosening global monetary policy will be sufficient to offset a moderate level of global fiscal tightening. |
| More Information | » View detailed profile of this fund |
