Portfolio Snapshots

We are an international equities manager, and we invest with a truly global outlook.

Here is a snapshot of the current portfolio disposition of our flagship Platinum Trust Funds and their key holdings.

Platinum Asia Fund

Platinum Asia Fund is our long-running Asia ex-Japan offering with A$4,301.8 million under management^ and a track record of achieving 14.1% compound return annually since inception (on 4/3/2003).*

Unconstrained by industry sector, the fund offers a diversified portfolio of companies from the Asian region (ex-Japan), including China and India, two of the world’s largest and fastest-growing economies, South Korea, as well as the dynamic markets of the ASEAN countries.

The fund’s actively managed currency exposure also provides substantial diversification.

Platinum Asia Fund is an unlisted, open-ended managed fund. Other products with a similar Asia ex-Japan strategy include:

Industry Breakdown1
SectorLong % Short %Net %
Consumer Discretionary 32.3 - 32.3
Info Technology 19.9 - 19.9
Communication Services 12.5 - 12.5
Financials 7.4 - 7.4
Consumer Staples 6.0 - 6.0
Industrials 3.7 - 3.7
Energy 3.5 - 3.5
Materials 3.4 - 3.4
Real Estate 2.0 - 2.0
Health Care 1.5 - 1.5
Other 2.4 (2.8) (0.4)
Top 10 Positions3
StockCountryIndustry%
Alibaba Group Holding Ltd China Cons Discretionary 6.6
Taiwan Semiconductor Taiwan Info Technology 5.6
Samsung Electronics Co Ltd Korea Info Technology 5.6
Tencent Holdings China Comm Services 5.5
AIA Group Ltd Hong Kong Financials 3.8
China International China Cons Discretionary 3.7
Reliance Industries Ltd India Energy 3.5
Huazhu Group ADR China Cons Discretionary 3.5
LG Chem Ltd Korea Materials 3.2
Midea Group China Cons Discretionary 3.0
Total 43.9
“China” indicates a company whose business is predominantly based in mainland China, regardless of whether its securities are listed on exchanges within or outside of mainland China.
Disposition of Assets2
Long %Short %Net %Currency%
Asia-Pacific 94.6 (2.8) 91.8 78.7
China 14.1 - 14.1 14.2
China Ex PRC 42.8 - 42.8 -
Hong Kong 6.8 - 6.8 27.1
Taiwan 7.8 - 7.8 7.8
India 5.4 (2.8) 2.7 3.6
Korea 11.7 - 11.7 11.8
Singapore 2.0 - 2.0 0.4
Thailand 1.6 - 1.6 1.6
Vietnam 2.4 - 2.4 2.4
Australian Dollar - - - 9.9
North America - - - 21.3
United States Dollar - - - 21.3
Sub-Total 94.6 (2.8) 91.8 100.0
Cash 5.4 - 8.2 -
Total 100.0 - 100.0 100.0
Long - 47 stocks Short - 1 index
Top 10 Positions3
StockCountryIndustry%
Alibaba Group Holding Ltd China Cons Discretionary 6.6
Taiwan Semiconductor Taiwan Info Technology 5.6
Samsung Electronics Co Ltd Korea Info Technology 5.6
Tencent Holdings China Comm Services 5.5
AIA Group Ltd Hong Kong Financials 3.8
China International China Cons Discretionary 3.7
Reliance Industries Ltd India Energy 3.5
Huazhu Group ADR China Cons Discretionary 3.5
LG Chem Ltd Korea Materials 3.2
Midea Group China Cons Discretionary 3.0
Total 43.9
“China” indicates a company whose business is predominantly based in mainland China, regardless of whether its securities are listed on exchanges within or outside of mainland China.
All data as at [30 April 2020] .
  1. “Long %” represents the Fund’s effective exposures to the relevant sectors as a percentage of the Fund’s NAV, taking into account direct stock holdings and long derivative positions (stocks and indices). “Net %” represents the Fund’s net exposures to the relevant sectors as a percentage of the Fund’s NAV, taking into account direct stock holdings and both long and short derivative positions (stocks and indices).
  2. “Long %” represents the Fund’s effective exposures to the relevant regions as a percentage of NAV through stock holdings and long derivatives (stocks and indices). “Net %” represents the Fund’s net exposures to the relevant regions as a percentage of NAV through stock holdings and both long and short derivatives (stocks and indices). “Currency %” represents the Fund’s effective exposures to the relevant currencies as a percentage of NAV through stock holdings, cash and the use of derivatives.
  3. The “Top 10 Positions” table shows the Fund’s top 10 long stock positions as a percentage of the Fund's NAV, taking into account direct stock holdings and long derivative positions.