None of Platinum Asset Management's absolute return funds reported negative performance in December with their Asia Fund recording the strongest gain of 4.4 per cent, while the International Health Care Fund was their worst performer with a 0% return.
The International Technology Fund gained 3.5% in the month while the International Brands Fund was up 3.0%. The International Brands Fund invests in companies around the world with well-recognised consumer brands as the manager believes that globalisation will lead to the emergence of "mega-brands".
Platinum is Australia's largest absolute return manager with almost $14billion in total funds under management.
