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Platinum Capital

About this Fund

Fund Detail

PDS
FUND MANAGER Platinum Investment Management
ASX Code PMC*
APIR
ASSET CLASS LISTED INVESTMENT COMPANY
INVESTMENT STYLE PMC invests in an actively managed, diversified portfolio of companies from around the world and across industry sectors.
INVESTMENT PROFILE PMC aims to provide capital growth over the long-term.
CURRENCY MANAGEMENT Active management
INCEPTION DATE
BENCHMARK MSCI All Country World Net Index (A$)
FUND SIZE MSCI All Country World Net Index (A$)
DISTRIBUTION FREQUENCY Half-yearly
NO. OF HOLDINGS 70-140
FEES 1.10% p.a. (ex GST)
STRUCTURE

Benefits

Benefits

Benefits of investing in PMC

  • Access to a manager with a proven investment philosophy and method for selecting undervalued stocks and a team of experienced investment professionals
  • Exposure to an actively managed, diversified equity portfolio that seeks to minimise losses during market downturns using risk management techniques
  • Actively managed currency exposures providing substantial diversification from the Australian dollar
  • Easy to trade on ASX - no set minimum investment required
  • Being taxed at source, PMC can distribute available profits to shareholders in the form of dividends, usually fully-franked
  • Having established a dividend profit reserve, PMC's Board can smooth its dividends from year to year
RISK LEVEL
INVESTOR SUITABILITY

Risks

Title
Detail

Key Features

About the Fund

An ASX-listed investment company, PMC offers investors an easy and convenient means of accessing an actively managed, truly diversified portfolio of companies from around the world and across industry sectors, providing exposure to undervalued businesses in both developed and emerging markets.

The Investment Manager, Platinum Investment Management Limited's investment style:

  • adopts a bottom‑up stock selection methodology, through which long‑term capital growth is sought by investing in undervalued securities across the world;
  • seeks absolute returns and not returns relative to any index;
  • invests excess funds in cash when undervalued stocks cannot be found; and
  • actively manages currency.

Investment objective

To provide capital growth over the long-term by investing in undervalued companies from around the world.

Mandate

How we invest your money

Platinum Capital Limited (PMC) primarily invests in listed securities. The portfolio will ideally consist of 70 to 140 securities that Platinum believes to be undervalued by the market. Cash may be held when undervalued securities cannot be found. However, the portfolio typically has 50% or more net equity exposure. Platinum may short-sell securities and indices that it considers overvalued.

PMC's key investment guidelines are summarised below.

Net equity exposure

  • Typical range: 50 - 100% of PMC's net asset value

Cash holdings

  • Typical range: 0 - 40% of the PMC's net asset value
  • Permissible range: 0 - 100% of PMC's net asset value

Limits on security holdings

  • PMC will seldom invest more than 5% of its net asset value (at the time of investment) in the securities of a single issuer