| Report Date | 07 May 2013 |
| Manager | Platinum Asset Management |
| Fund Name | Platinum Japan Fund - AUD |
| Strategy | Equity Long/Short |
| Latest Return Date | April 2013 |
| Latest Return | 13.75% |
| Latest 6 Months | 45.84% |
| Latest 12 Months | 39.95% |
| Latest 24 Months | 42.61% |
| Annualised Since Inception | 14.95% |
| Inception Date | 01 June 1998 |
| FUM (millions) | AU$334.52 |
| Fund Overview | The fund primarily invests In Japanese and Korean companies' listed securities. These companies may list their securities on exchanges other than those in Japan and Korea and the Fund may invest in them. The Fund may invest in companies not listed in Japan and Korea but where their predominant business is conducted in Japan and Korea. The Portfolio will ideally consist of 30 to 100 securities that Platinum believes to be undervalued by the market. Cash may be held when undervalued securities cannot be found. Platinum may short sell securities that it considers overvalued. The proportion of Korean securities in the Portfolio will be limited to a maximum of 25% of the value of the Portfolio at the time of investment. |
| Manager Comments | The Platinum Japan Fund had an exceptional April 2013 with a performance of 13.75%, well ahead of its benchmark (MSCI Japan Net Index $A), and bringing its six month return to 45.83%. Platinum funds in general, had a strong month, over April.
The Fund holdings were 85.6% Japan, 3.4% Korea (net) and 11.0% cash with 50.4% of the Fund hedged back into $US. By sector the largest holdings were in Industrials 23.7%, Consumer Discretionary 21.6% and Financials 11.5%. Lowest sector holding was in consumer staples at 2.4%.
The three largest holdings were Toyota, SBI Holdings (Telecomms) and Mitsubishi UFJ. |
| More Information | » View detailed profile of this fund |
