Changes are happening - please bear with us while we update our site.

Changes are happening - please bear with us while we update our site. Click here to give us your advice and feedback.

Is It Time To Invest In Platinum (ASX:PTM) Shares?

Platinum Asset Management Ltd (ASX:PTM) has released its June 2019 funds under management (FUM) update, is it a buy?

Platinum Asset Management Ltd (ASX: PTM) has released its June 2019 funds under management (FUM) update, is it a buy?

Platinum Asset Management was founded in 1994, one of the co-founders was leading investor Kerr Neilson. Platinum is a fund manager that aims to provide investors exposure to international shares using a contrarian, long-term and bottom-up investment process. Platinum’s International Fund has delivered a 12.1% per year compound return since 30 April 1995.

Platinum’s June 2019 Funds Under Management

The Asian focused fund manager revealed that its June 2019 funds under management (FUM), before annual distributions, grew by around $650 million to $25.83 billion.

However, we can’t forget about the cash distributions that are paid to unit holders net of re-investment. Platinum revealed that the distributions total $814.2 million, leaving the FUM at $24.77 billion after distributions.

In June 2019 Platinum experienced net outflows of $228 million, which included net outflows from the Platinum Trust Funds of approximately $151 million. The net outflows excluded the impact of distribution re-investment of $487 million.

Is The Platinum Share Price A Buy?

Between February 2019 and today, the Platinum share price has been at a high of $9.15, it dropped to $4.34 by May 2017, rose to $8.72 in February 2018 and has since fallen to $5.08 today. Quite the rollercoaster.

Platinum’s FUM has suffered from concerns about the Asian sharemarket ever since US President Donald Trump started his campaign to try to get China to play on an equal playing field in terms of technology and IP. A truce may be agreed in the shorter term, but I think this issue will be ongoing for a long time.

Most fund managers are also finding it difficult to increase FUM because of the increase of low cost index investing compared to the relatively higher costs of active investing.

I’m just now sure if Platinum can succeed in this environment, which is why I’ve put it in my ‘too hard’ basket. I find it much easier to evaluate the reliable businesses in the free report below instead.

[ls_content_block id=”14945″ para=”paragraphs”]

[ls_content_block id=”18380″ para=”paragraphs”]

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. 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. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Skip to content