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Active ETMFs


Active ETMFs at Platinum

Investors preferring the structure of managed funds but favouring the convenience of placing trades through the ASX or an online broker may consider the Platinum International Fund (Quoted Managed Hedge Fund) (ASX: PIXX), the Platinum Asia Fund (Quoted Managed Hedge Fund) (ASX: PAXX), and the Platinum Global Transition Fund (Quoted Managed Hedge Fund) (ASX: PGTX).

Known as Active ETMFs (Active Exchange Traded Managed Funds), these offer investors the advantage of knowing the fund’s intra-day indicative NAV per unit before placing a trade. The funds trade, clear and settle in the same way as do shares in ASX-listed companies, and therefore can be conveniently accessed through an online broker.


Why Invest in an Active ETMF?

Why Invest in an Active ETMF?

Ease of Entry

Buy and sell units on ASX with knowledge of intra-day indicative NAV per unit

Why Invest in an Active ETMF?


Annual distribution of fund income to investors

Why Invest in an Active ETMF?

Minimum Investment

No set minimum amount to invest

The Team Behind Your Investments


The Team Behind Your Investments

As a firm, we owe our success to the support of our clients and the dedication of our staff. Platinum today employs more than 120 professionals, and each one of us is driven by the same core mission – to look after our clients’ money ably and responsibly. This is true not only of our investment team, but is also what steers our client services and operational teams.



Our active ETMFs are also known as Quoted Managed Hedge Funds (“QMFs”).
The funds we currently offer include the Platinum International Fund (Quoted Managed Hedge Fund) (ASX code: PIXX), Platinum Asia Fund (Quoted Managed Hedge Fund) (ASX code: PAXX) and Platinum International Fund (Quoted Managed Hedge Fund) (ASX code: PGTX).
For more information on the active ETMFs we offer, please go to
The key advantages for investors wishing to invest in our active ETMFs are:
  • The benefit of knowing the fund’s intra-day indicative NAV per unit prior to transacting.
  • The funds are easy to access as units in active ETMFs trade, clear and settle in the same way as shares in ASX-listed companies and can be acquired through any licensed broker (including broking platforms) without the need for lengthy paperwork.
  • Annual income distribution.
  • No minimum investment amounts
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.
Active ETMFs such as PIXX, PAXX and PGTX have a unit trust structure and are open-ended, which means that new units are issued and existing units are cancelled based on investor demand and capital flows.
A typical Australian exchange traded managed fund (ETMF) also has a trust structure and is open-ended but is not actively managed and instead tracks a market index.
Listed investment companies (LICs) are closed-ended investment vehicles that are established in the form of a company. They do not regularly issue new shares or cancel existing shares and so their cash flows and investment decisions are not impacted by daily fund inflows and outflows (as is the case for managed funds). However, the share price of a LIC can (and often does) differ from the underlying value of the LIC’s portfolio of investments.
You may use our Product Comparison Tool to view specific differences between our products, visit:

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^As at 31 May 2024.
*Fund returns are annualised, are calculated using the fund's net asset value per unit (which does not include the buy/sell spread), and represent the fund's combined income and capital returns over the period from the fund's inception date (as specified) to 31 May 2024. Returns are net of accrued fees and costs, are pre-tax, and assume the reinvestment of distributions. The investment returns shown are historical and no warranty can be given for future performance. Historical performance is not a reliable indicator of future performance. Source: Platinum Investment Management Limited.

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