Managed Funds New Platinum Fund released

Discussion in 'Shares & Funds' started by Glebe, 3rd Apr, 2007.

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  1. Glebe

    Glebe Well-Known Member

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    For any fans of Platinum out there, Platinum have released a new PDS because they've launched a new fund:

    "The changes to the PDS relate to the launching of a new product, the Platinum Unhedged Fund. The Platinum Unhedged Fund is very different to the other Platinum Trust Funds in that it is a relatively concentrated portfolio of global shares with no currency or market hedging i.e. it is a long-only, unhedged Fund. The Fund’s portfolio will typically have a 90% exposure to stocks"

    Source: Platinum Asset Management

    http://www.platinum.com.au/images/pds07_050307.pdf
     
    Glebe, 3rd Apr, 2007
    #1
  2. Simon Hampel

    Simon Hampel Founder Staff Member

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    I haven't read the PDS yet - but I'm wondering how it will differ (other than hedging) from the Platinum International fund ? Will it use similar share selection methodologies (or even the same shares) as the International Fund ?
     
    Simon Hampel, 3rd Apr, 2007
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  3. Simon Hampel

    Simon Hampel Founder Staff Member

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    Looks interesting ... will have to keep an eye on this fund - still too early to make any judgements on performance I feel ... first year was excellent, but has been only average so far this financial year.

    Will be keen to see which margin lenders pick it up first.
     
    Simon Hampel, 4th Apr, 2007
    #3
  4. Simon

    Simon Well-Known Member

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    I agree that the P Int fund's performance has been pretty average this last year. I am up about 4% from my purchase date inc distr reinvestment.
     
    Simon, 4th Apr, 2007
    #4
  5. Simon Hampel

    Simon Hampel Founder Staff Member

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    I sold out of the Platinum International fund late last year - I wasn't getting the consistent growth I saw in other parts of my portfolio ... and I think I was a bit too diversified (13 funds ... now down to 6).

    I still like Platinum, and I have most of their funds on my watchlist ... but I'll only invest in them if they look like getting pretty consistent growth that's at least as good as what my other funds are getting. While the Australian market is so strong, and international markets relatively weak, I doubt we will see much significant performance from the Platinum funds compared to what we can all get locally.
     
    Simon Hampel, 4th Apr, 2007
    #5