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Platinum International Fund (PIXX)

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About this Fund

Fund Detail

PDS https://informedinvestor.com.au/view/pds/100970-2023-10-10-02:38.pdf
FUND MANAGER Platinum Investment Management
ASX Code PIXX*
APIR
ASSET CLASS EXCHANGE TRADED FUNDS
INVESTMENT STYLE PIXX invests in a portfolio of companies from around the world and across industry sectors.
INVESTMENT PROFILE

The Fund aims to provide capital growth over the long-term by providing exposure to undervalued listed investments around the world.

CURRENCY MANAGEMENT Active management
INCEPTION DATE 17-08-2017
BENCHMARK MSCI All Country World Net Index in $A
FUND SIZE MSCI All Country World Net Index in $A
DISTRIBUTION FREQUENCY Yearly
NO. OF HOLDINGS 70-140
FEES 1.23% p.a.
STRUCTURE

Benefits

Benefits

Benefits of investing in PIXX

Investing in PIXX offers investors a range of benefits, including:

  • 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
  • Annual distribution of the fund's net income, including net realised capital gains
  • Ease of access through licensed brokers without lengthy paperwork and with no set minimum transaction amount
  • Ability to buy and sell units at any time during ASX trading hours with the knowledge of real-time indicative NAV per unit before placing a trade

RISK LEVEL
INVESTOR SUITABILITY

Risks

Title
Detail

Key Features

About the Fund

Quoted on the ASX and accessible through licensed brokers, PIXX provides a simple and convenient means for investors to gain exposure to an actively managed, truly diversified portfolio of companies from around the world and across industry sectors.

Investment philosophy

Platinum is an active manager focused on delivering long-term absolute returns (i.e. returns in absolute terms, rather than relative to any benchmark).

Platinum's investment philosophy is centred on the belief that there are times when events of a transitory nature may have a disproportionate effect on a company's share price, be they positive or negative, causing it to deviate from its inherent trend line. Such events, in Platinum's view, present potential investment opportunities, if one is able to differentiate between the companies that have a sound business case but are facing temporary set-backs, from those which have lesser potential or face fundamental problems.

Platinum's style of investment management is focused on seeking out-of-favour and overlooked parts of the market. Its core expertise is in identifying companies that have sound businesses and promising growth prospects but are temporarily out-of-favour with the market.

Mandate

How we invest your money

PIXX will primarily invest in units of the Platinum International Fund ("PIF or "Underlying Fund), and some cash. The PIXX may also invest in exchange traded Derivatives and forward foreign exchange contracts for risk management purposes, albeit not to a material extent.

The Underlying Fund or PIF primarily invests in the securities of companies listed on stock exchanges around the world.

The Underlying Fund's Portfolio will ideally consist of 70 to 140 securities that Platinum believes to be undervalued by the market. PIF will also, from time to time, have exposure to cash when undervalued securities cannot be found. PIF may short sell securities that Platinum considers overvalued.

The Underlying Fund's Portfolio will typically have 50% or more net equity exposure and is constructed in accordance with Platinum's Investment Strategy' - refer to page 15 of the PDS.