WAYS TO INVEST

Active ETMFs

Understanding Active ETMFs Features Our Active ETMFs FAQs

UNDERSTANDING 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.

FEATURES

Why Invest in an Active ETMF?

Ease of Entry

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

Distributions

Annual distribution of fund income to investors

Minimum Investment

No set minimum amount to invest

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WAYS TO INVEST

Our Active ETMFs

Active ETMFs

Platinum International Fund (Quoted Managed Hedge Fund)

ASX: PIXX

Diversified global equity portfolio across industry sectors and developed and emerging markets
Actively managed, seeking to minimise losses during market downturns using risk management techniques
Ease of access via the ASX

Fund Assets

A$301.2m^{^}

As at 31 Mar 2024

Return

6.81% p.a.^*

since 12 Sep 2017

Long

Short

Active ETMFs

Platinum Asia Fund (Quoted Managed Hedge Fund)

ASX: PAXX

Diversified Asia ex-Japan equity portfolio of businesses benefiting from the region’s dynamic growth and transformation
Actively managed, seeking to minimise losses during market downturns using risk management techniques
Ease of access via the ASX

Fund Assets

A$90.8m^{^}

As at 31 Mar 2024

Return

5.76% p.a.^*

since 12 Sep 2017

Long

Short

Active ETMFs

Platinum Global Transition Fund (Quoted Managed Hedge Fund)

ASX: PGTX

Diversified equity exposure for companies seeking to financially benefit from the transition away from fossil fuel-derived energy and good production and consumption, that is, the carbon transition
Actively managed, seeking to minimise losses during market downturns using risk management techniques
Annual distribution

Fund Assets

A$14.6m^{^}

As at 31 Mar 2024

Return

7.90% p.a.^*

since 1 Jul 2022

Long

Short

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OUR TEAM

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.

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PLATINUM'S ACTIVE ETMFS

FAQs

What are Platinum’s active ETMFs?

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 https://www.platinum.com.au/active-etfs.

What are the key advantages of investing in active ETMFs?

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

What does the market-making function refer to in the active ETMFs?

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.

What is the difference between our active ETMFs - PIXX, PAXX and PGTX , and an ETMF or LIC?

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: https://www.platinum.com.au/product-comparison

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Explore Ways To Invest

Managed Funds

Unit prices determined by the fund’s NAV, not investor sentiment
Annual distribution of fund income to investors
Minimum investment A$10,000 (or A$5,000 under a regular investment plan)

Active ETMFs

Buy and sell units on ASX with knowledge of intra-day indicative NAV per unit
No set minimum amount to invest
Annual distribution of fund income to investors

Listed Investment Companies

Buy and sell shares on the ASX
No set minimum amount to invest
Dividends may carry franking credits

Compare All Investment Options

^As at 31 March 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 March 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.