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$4,301.3 million under management^ and a track record of achieving 14.0% 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 20.4 - 20.4
Communication Services 15.3 - 15.3
Financials 14.7 - 14.7
Info Technology 11.2 (0.6) 10.7
Real Estate 5.2 - 5.2
Industrials 5.0 - 5.0
Other 2.7 - 2.7
Health Care 1.9 - 1.9
Materials 0.7 - 0.7
Utilities 0.6 - 0.6
Energy - - -
Consumer Staples - - -
Top 10 Positions3
StockCountryIndustry%
Alibaba Group Holding Ltd China Cons Discretionary 6.7
Tencent Holdings China Comm Services 5.0
Taiwan Semiconductor Taiwan Info Technology 4.0
Samsung Electronics Co Ltd Korea Info Technology 3.9
Yum China Holdings China Cons Discretionary 3.4
Meituan Dianping China Cons Discretionary 3.1
AIA Group Ltd Hong Kong Financials 3.0
Ping An Insurance China Financials 2.9
Vietnam Enterprise Vietnam Other 2.7
Kasikornbank PCL Thailand Financials 2.7
Total 37.5
“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 77.7 (0.6) 77.1 44.9
China 2.2 - 2.2 12.7
China Ex PRC 38.0 - 38.0 -
Hong Kong 7.0 - 7.0 31.4
Taiwan 4.0 - 4.0 4.1
India 9.3 (0.6) 8.7 10.2
Korea 7.8 - 7.8 7.8
Malaysia 0.4 - 0.4 0.4
Philippines 2.6 - 2.6 2.6
Thailand 3.7 - 3.7 1.0
Vietnam 2.8 - 2.8 2.8
Australian Dollar - - - 0.8
China Renminbi Off Shore - - - (28.8)
Europe - - - 0.1
UK Pound Sterling - - - 0.1
North America 0.1 - 0.1 55.0
United States 0.1 - 0.1 55.0
Sub-Total 77.8 (0.6) 77.3 100.0
Cash 22.2 - 22.7 -
Total 100.0 - 100.0 100.0
Long: 62 stocks, 1 swap. Short: 2 indices. NB: USD exposure is through USD cash, USD denominated stock and derivatives over such stocks.
Top 10 Positions3
StockCountryIndustry%
Alibaba Group Holding Ltd China Cons Discretionary 6.7
Tencent Holdings China Comm Services 5.0
Taiwan Semiconductor Taiwan Info Technology 4.0
Samsung Electronics Co Ltd Korea Info Technology 3.9
Yum China Holdings China Cons Discretionary 3.4
Meituan Dianping China Cons Discretionary 3.1
AIA Group Ltd Hong Kong Financials 3.0
Ping An Insurance China Financials 2.9
Vietnam Enterprise Vietnam Other 2.7
Kasikornbank PCL Thailand Financials 2.7
Total 37.5
“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 [31 August 2019] .
  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.