Multiple opportunities.
Investing in the Platinum International Fund
(Quoted Managed Hedge Fund) gives you
access to over 50 stocks in more than
15 countries.
It’s a simple way to diversify your investment portfolio.
Established in 2017, the Platinum International Fund (Quoted Managed Hedge Fund ASX: PIXX) is a feeder fund into the Platinum International Fund that has over a 28 year track record. Over the last 12 months, PIXX has returned 5.6% and 6.8% pa since inception*.
Examine the benefits of being able to access Platinum Asset Management’s global equity investment capabilities by investing with PIXX.
The benefits of investing in the Platinum International Fund (Quoted Managed Fund) ASX: PIXX:
Buy or sell on the ASX
Easy administration and tax reporting
Active investment management
Diversification
No minimum investment
Liquidity
Transparent intra-day pricing
No application form
A truly diversified portfolio of companies from around the world and across industry sectors, PIXX offers investors exposure to undervalued opportunities in both developed and emerging markets.
Investment objective
To provide capital growth over the long term by investing in undervalued companies from around the world.
Key benefits
- 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 uses risk management techniques to seek to minimise losses during market downturns
- Access to a portfolio with actively managed currency exposures that provide substantial diversification out of the Australian dollar
- Annual distribution of the Fund’s income and net realised capital gains
How to invest
The Platinum International Fund (Quoted Managed Hedge Fund) trades on the ASX (ticker: PIXX).
Buying and selling units works in the same way as for listed shares, as they:- can be bought and sold anytime during ASX trading hours
- are priced on the ASX intraday, meaning you can view the price movements just as you would with shares
- have no minimum investment amount
Investors can buy or sell PIXX by contacting their stockbroker or by trading through an online broker.
Frequently Asked Questions
What is the Platinum International Fund (Quoted Managed Hedge Fund), ASX: PIXX?
PIXX is an ASX quoted version of our existing flagship fund, the Platinum International Fund. PIXX feeds into the Platinum International Fund, giving you access to Platinum International Fund’s portfolio composition, portfolio managers and investment strategies. The returns of PIXX may vary slightly from the returns of the Platinum International Fund due to different cash holdings, and gains and losses arising as a result of PIXX's market making activities.
What are the advantages of a quoted actively managed fund?
Easy access through the ASX, together with live pricing and little paperwork associated with traditional managed funds.
What is the market making function often referred to in a quoted actively managed fund?
Market makers match buy and sell orders for investors that want to trade units in the fund. The market maker provides liquidity to the market by supplying quotes and updating their prices to reflect changes in the underlying securities, market conditions and the supply and demand for the units throughout the ASX trading day. Platinum has engaged J.P. Morgan Securities Australia Limited as its market making agent.
How do quoted actively managed funds such as the Platinum International Fund (Quoted Managed Hedge Fund) differ to an ETF or LIC?
Actively managed quoted funds such as PIXX have a trust structure and are open-ended meaning the number of units on issue can grow or shrink based on investor demand. An ETF likewise has a trust structure and is open-ended but is not actively managed and instead tracks an index. LICs have a company structure and are closed ended meaning they do not receive daily capital inflows.
What are the fees for the Platinum International Fund (Quoted Managed Hedge Fund)?
PIXX has a management fee of 1.10% p.a. plus a relative outperformance fee of 15%1. This fee is in line with the fee structure for Platinum‘s two listed investment companies, Platinum Capital Limited (ASX: PMC) and Platinum Asia Investments Limited (ASX: PAI).
How can investors purchase or sell units in the Platinum International Fund (Quoted Managed Hedge Fund)?
Investors can purchase or sell units via their stockbrokers as they would a listed security. You do not need to complete an application form or withdrawal form; you will purchase the units or receive the proceeds from the sale of units, in the same way as you would a listed security. There is no minimum number of units investors can buy or sell.
What paperwork is required to access the Platinum International Fund (Quoted Managed Hedge Fund)?
None, if you have an existing stockbroking account.
At what price will investors be buying or selling the Platinum International Fund (Quoted Managed Hedge Fund)?
Prices will be live and reflect unitholder demand and supply. However, the market maker will add liquidity during the ASX trading day with the objective of ensuring that the price closely approximates the fund's iNAV. The iNAV is updated at regular intervals during the ASX trading day and is available on Platinum’s website.
Who should I talk to if I have any questions about the fund?
For all fund related enquiries contact Platinum on 1300 726 700. For enquiries about your holding in the Platinum International Fund (Quoted Managed Fund) contact the Registrar, Link Market Services on +61 1300 554 474 or via [email protected].
Link can provide assistance with the following:- Update the name or address on the holding
- Provide bank details, DRP, email address or TFN instructions
- Request for forms to be emailed or posted
- Transaction history (as at settlement date)
- Off market transfer & holding merge queries
- Guidance and assistance with the Link Investor Centre
- Guidance and assistance completing & submitting Link forms
- Statement replacements
- Payment replacements.
Issued by Platinum Investment Management Limited ABN 25 063 565 006, AFSL 221935, trading as platinum Asset Management® (“Platinum®”). The information contained herein does not take into account the investment objectives, financial situation or needs of any person. You should read the entire product disclosure statement (“PDS”) for the Platinum International Fund (Quoted Managed Hedge Fund)(“PIXX”) and consider obtaining professional advice prior to making any investment decision.The PDS and target market determination (“TMD”) for PIXX are available at https://www.platinum.com.au/invest-now.
*Returns are quoted till 31 March 2024, and are annualised, calculated using the Fund’s net asset value unit price (i.e. excluding the buy/sell spread) and represent the combined income and capital returns in the specified period. All returns are pre-tax, net of fees (including any accrued performance fee) and costs, and assume the reinvestment of distributions. Since inception is 12 September 2017. Past performance is not a reliable indicator of future performance.
1The management fee is stated net of the effect of GST. The performance fee is a percentage of the amount by which a Fund’s return outperforms its nominated benchmark for the relevant period. The performance fee is stated exclusive of GST.