Over 10 years, it has beaten this measure by around 2.5 percentage points annualised. These returns are still strong enough to put the fund in its peer group’s second quartile. As Facebook faces tough questions on data protection and its business model while the prospect of regulation looms, Smolinski puts it in the uncertainty category. Of course, these top holdings only represent a small portion of its overall investments. Your status will be reviewed by our moderators. On the face of it, the Platinum International Fund has achieved its objective “to provide capital growth over the long term by investing in undervalued companies around the world”. Platinum International has made a positive return in 79.7 per cent of all 12-month periods, fractionally above 72.6 per cent for the ACS Equity – Global sector. Find here information about the Platinum International Fund (Quoted Managed Hedge Fund) ETF. For context, the average management fee (MER) of all ETFs covered by Best ETFs Australia on our complete list of ASX ETFs is 0.5% or around $10.00 per $2,000 invested. What is your sentiment on Platinum International Fund? Smolinski said its resulting cheapness meets his search criteria for overlooked stocks, Australian EquityFixed Int - Australian BondProperty - Australian ListedCommodity and Energy. And while you’re at it, consider searching our complete list of ASX ETFs for similar ETFs in the International shares sector, to do a good comparison. We draw the line at $100 million for ETFs in the International shares sector because we believe that relative to smaller ETFs, achieving this amount of FUM derisks the ETF. Get detailed information about the Platinum International Fund (Quoted Managed Hedge Fund) ETF including Price, Charts, Technical Analysis, Historical data, Platinum International Fund Reports and … With a yearly management fee of 1.1% charged by Platinum Funds Management, if you invested $2,000 in the PIXX ETF for a full year you could expect to pay management fees of around $22.00. Investing is risky and can result in capital loss. Thanks for your comment. FE Analytics shows its largest single holding was Samsung Electronics (as at 31 May), accounting for 3.07 per cent of the portfolio. This buy-sell spread was above the average ETF spread of 0.45%, which means the PIXX ETF has more slippage than the average ETF (that’s a bad thing). However, with the European sovereign debt crisis and problems in Japan and China, America turned out to be one of the best performing markets over that time. Fund Name: Platinum International Technology Responsible Entity: Platinum Asset Management: APIR Code: PLA0101AU: Sector/Asset Class: Equity Global Technology: Morningstar Rating (as at 30 Sep 2020) Legal Structure: Investment Fund: Fund Inception: 18 May 2000: Fund Size: $148.46 million (as at 30 Sep 2020) Entry Price: $2.1774 (as at 29 Oct 2020) Day Change. Remember, the lower (or ‘tighter’) the buy-sell spread, the better. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion. The Platinum Global Managed Fund MDD- May 2017 The Platinum Global Managed Fund MDD- April 2017 Platinum Portfolios (Pty) Ltd Reg No: 2000/003145/07 is an … Are you sure you want to block %USER_NAME%? Past performance is no guarantee of future performance. Alphabet was second, with 2.74 per cent, while Facebook was also in the top 10. However, Smolinski says this allocation (which is already an underweight) doesn’t compromise the fund’s value bent and is mainly accounted for by the short positions the fund holds there. The PIXX ETF had $323.28 million of money invested when we last pulled the monthly numbers. The latest fund information for Platinum International C, including fund prices, fund performance, ratings, analysis, ratios & manager information. Sign up to create alerts for Instruments, Since you’ve just unblocked this person, you must wait 48 hours before renewing the block. Please, consult a licenced and trusted financial adviser before acting on the information. Your ability to comment is currently suspended due to negative user reports. Please note that all comments are pending until approved by our moderators. By doing so, you and %USER_NAME% will not be able to see The fund also has 18.03 per cent of its gross assets in North American equities, which is widely seen as an expensive market. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. We used FE Analytics to review the fund over all the one-year periods spanning back to its launch in April 1995 and it compares well to its peers. The Platinum International Fund gets a qualified tick here too. Smolinski finds that stocks that are either being overlooked by the market or are facing uncertainty or really big change best capture value. This article is authorised by Owen Raszkiewicz of The Rask Group Pty Ltd. It may therefore take some time before it appears on our website. Snouts in the same trough as that conflicted hypocrite Longstaff? ASIC need to confirm if they paid a fee in 2018 to Dr.Hugh Breakey and Professor Charles... Advisers query ASIC role in academics' FASEA submission15 hours 49 min ago. That means, the advice does not take into account your objectives, financial situation or needs. Indeed, before doing anything, take a look at our free Platinum Funds Management PIXX report. By reading this website, you acknowledge this warning and agree to our terms & conditions available here. If you’re weighing up the PIXX ETF, keep in mind that this is just a brief introduction to the ETF. It is becoming pretty clear that ideological extremists lobbied for the current wording of... Advisers query ASIC role in academics' FASEA submission15 hours 59 min ago. . 3 tricks to review the ETF Securities ZYUS ETF (ASX:ZYUS), Best ETFs Australia quick review: VGAD and EMKT. The Platinum PIXX Fund is an actively-managed fund that invests in a select portfolio of international companies. All Rights Reserved. The information on this website is general financial advice only. The Chinese market has been treated with fear over the last three to four years. Smolinski put this down to its avoidance of the US post-GFC: “From 2010 onwards, we generally thought, look, the US has gone through this large period where you know there was a huge debt run up, [and] we thought the US economy might take some time recovering.”. Given PIXX’s total funds under management (FUM) figure is over $100 million, the ETF has met our minimum criteria for the total amount of money invested, otherwise known as FUM. This is down to the fund’s strong performance during the Global Financial Crisis (GFC), with Smolinski noting that it protected clients’ money quite well. Excluding these, Smolinski said the fund is left with just under three per cent net exposure to the US market. Nothing in this article should be considered a guarantee. Don't leave your investments to chance. Market is currently closed. A specific cost for ETF and mFund investors to consider is the buy-sell spread, which is the slippage or ‘invisible’ cost paid by an investor when he or she buys or sells the ETF. Smolinski points to the nature of the companies as an explanation. The fund typically selects between 70-140 global equities that the investment team at Platinum believe to be undervalued by the market. Please wait a minute before you try to comment again. PIXX’s market capitalisation (total amount invested) meets our hurdle The fund typically selects between 70-140 global equities that the investment team at Platinum believe to be undervalued by the market. So, while it’s a big stock to hold, it does seem to meet the undervalued objective. In order to give you the best site experience, we need to know what kind of investor you are. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Platinum International has made a positive return in 79.7 per cent of all 12-month periods, fractionally above 72.6 per cent for the ACS Equity – Global sector. While the industry largely does not view the fund as an absolute return strategy, it’s worth keeping in mind that Platinum says that it invests for absolute return, as opposed to benchmark-relative performance. With annualised returns of 10.55 per cent over the decade to May’s end, Platinum International has broadly fulfilled this objective as it is ranked eighth out of 122 funds in the ACS Equity – Global sector and has turned an initial $10,000 into more than $27,000. Investing in undervalued companies. Voting is open during market hours. You can find more details by going to one of the sections under this page such as historical data, charts, technical analysis and others. The content of this field is kept private and will not be shown publicly. He believes that Samsung is “the very classic definition of value, so Samsung has been one of the most incredible companies over the last 20 years ... and it is trading on a six or seven price/earnings (P/E) ratio”. Replace the attached chart with a new chart ? If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. This comment has already been saved in your, Gold Up on U.S. any of each other's Investing.com's posts. %USER_NAME% was successfully added to your Block List. Disclaimer: Any information contained in this article is limited to general financial advice/information only. The Platinum International Fund gets a qualified tick here too. We care about your experience, please let us know if you have any suggestions to improve our site. Last price $ 4.29. FE Analytics shows it has a 10-year maximum drawdown of 17.30 per cent, lower than its average peer (30.30 per cent) and the MSCI AC World (26.85 per cent). Ten superannuation funds have accounted for more than half of the hardship early release... InFocus: Will commercial reality drive consolidation of planning organisations? But upon closer inspection in FE Analytics, it’s a qualified pass. The fund has no formal benchmark but both its PDS and portfolio manager, Clay Smolinski, relate it to the MSCI AC World Index. Advisers query ASIC role in academics' FASEA submission, Understanding the difference between wholesale and retail clients under FOFA, ATO alone wholly responsible for identifying super early release applicants, The 10 super funds which paid half of all early release payments, Annual Risk Policy & Awards Breakfast 2017.
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