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Platinum funds distribution estimates

Discussion in 'Managed Funds & Index Funds' started by Simon Hampel, 11th May, 2006.

  1. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    Platinum have published their list of estimates for how much income they will be distributing at the end of the financial year:

    http://www.platinum.com.au/images/dist-est-2006.pdf

    No guarantees of course, but nice to get a bit of an idea about how much you might get.

    I just converted the figures to percentages based on the current unit prices ...

    Platinum International ......... 10.57%
    Platinum Asia ................... 3.97%
    Platinum European ............... 8.37%
    Platinum Japan .................. 7.15%
    Platinum International Brands ... 4.68%
     
  2. Glebe

    Glebe Well-Known Member

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    Thanks Sim
     
  3. HHH

    HHH Active Member

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    Has anyone got any further comments on the Platinum Asia fund? Is that 3.97% worse or better than expected. Is this fund still getting that incredible growth. Any other general comments on that fund much appreciated.

    thanks
     
  4. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    10 cents per unit is lower than last year.

    If you want to know what the Platinum funds have distributed in the last few years (and how it was broken up into foreign income / local income, etc ... then check out this page: http://www.platinum.com.au/trust_distributions.htm

    Fund performance (all funds): http://www.platinum.com.au/images/web_all.pdf

    From that table ... Platinum Asia has done:

    8.68% 3 months
    29.39% 6 months
    46.25% 1 year
    37.96%pa 2 years
    42.33%pa 3 years
    40.11%pa since inception

    So, very good growth there in recent years. Will it continue ? Dunno.
     
  5. D&K

    D&K Well-Known Member

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    Sim,

    Will it continue? Hope so. After you identified this fund when I asked, and Michael also mentioned it, I did the DD on this and couple of others with an Asian exposure and went with Platinum. A bit more dividend would have been nice to pay more of the margin loan but this is a growth fund after all ... happy so far. :)

    Dave
     
  6. Glebe

    Glebe Well-Known Member

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  7. perky

    perky Well-Known Member

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    I put money into the Asia fund a couple of weeks ago, it has gone backwards 3c. I guess its all in the timing....
     
  8. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    Give it time
     
  9. Maverick

    Maverick Well-Known Member

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    Same with me: -3.39% since mid April.

    Interestingly, all Platinum funds had a negative return in April:

    International (1.41%)
    Asia (2.53%)
    European (0.33%)
    Japan (2.85%)
    etc.

    What are your thoughts about this? Are you still bullish on Asia? What about Japan, Europe?
     
  10. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    Most world markets have dropped recently.

    I don't think the outlook has really changed anywhere ... I'd expect Asia / Japan to pause occasionally ... perhaps some short term falls in value ... but then increase sharply again.

    The thing you need to be very aware of with the Platinum funds is that they can be quite volatile, with quite sharp movements (in both directions) ... and of course, this volatility would be magnified by global currency movements too.

    A fall in unit price is a good time to buy more units :D
     
  11. Glebe

    Glebe Well-Known Member

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    We seem to be in funny times. People are dividing into two camps. There are those that are bullish on the whole China/India/Brazil/Russia thing, saying it's a once in a century bullmarket.

    There are others that are saying that rising oil prices, an aging Europe, overvalued/overprinted currencies, overleveraged equities, overborrowed consumers in the Western world will trigger a global recession. These people say it's not gold that overpriced, it's the currencies that are falling in value.

    I used to be with the bulls, now I'm not so sure. I wonder how prudent it is for me to be leveraging up again this June... but if I do it will be more of Platinum International rather than Asia to increase diversity.
     
  12. Mark Laszczuk

    Mark Laszczuk Well-Known Member

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    Glebe,

    And then there are those that quietly stroll along, doing their research, making decisions and sticking with them. Sometimes those decisions are right, sometimes they aren't. Ask Warren, I bet he'd agree with me.

    Mark
     
  13. Glebe

    Glebe Well-Known Member

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    And Warren's now decided to purchase outside the US. Do we read into that anything other than him buying a sound company? I don't know. I guess I've been watching the gold price rise, thinking 'those loonies' who have bought gold as a hedge against sharemarket collapses and currency valuations. Now I'm not so sure.
     
  14. Mark Laszczuk

    Mark Laszczuk Well-Known Member

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    Analysis paralysis is a hideous bitch mistress, eh Glebe.

    Mark
     
  15. Glebe

    Glebe Well-Known Member

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    Heh yeah it is. I'm in a battle trying to outsmart myself at the moment. I'm sure the dumber me will win, it usually does :)