Platinum Asset Management Reported Funds Under Management for January 2019: What You Need to Know

Platinum Asset Management (ASX: PTM) had come forward and made an announcement related to the Funds under management or FUM with the help of the press release. The company happens to be an investment manager which has its focus on international shares. Mr. Andrew Clifford is the CEO (or Chief Executive Officer) & Chief Investment Officer of Platinum Asset Management while Mr. Andrew Stannard is the Finance Director of the company. However, Mr. Matthew Githens is the Chief Compliance Officer of the company.

As per the press release dated February 7, 2019, at the end of January 31, 2019, the company had funds under management amounting to $24.65 billion which implies the marginal rise as compared to the funds under management at the end of December 2018. The release stated that the company’s FUM at the end of December 2018 was $24.08 billion. Platinum Asset Management had also provided information related to the net outflows witnessed by it. 

Platinum Asset Management encountered the net outflows amounting to around $111 million in January 2019. It also includes net outflows amounting to around $89 million from Platinum Trust Funds. Not so long ago, the company had issued release which contained information about the investment income as well as performance fee with respect to half-year ended December 2018. The company had informed the market participants that because of the unfavourable momentum in the equity markets, Platinum Asset Management would be witnessing unrealized loss on the seed investments. It would also be receiving little with regards to the absolute return related performance fee income for half-year ended December 31, 2018.  The release also stated that the interim results for half-year ended December 2018 would be published on February 21, 2019. The company had earlier conducted the annual general meeting (or AGM). As per the presentation, the company generated fee revenues amounting to A$328.7 million.

We would now be looking at how the stock of Platinum Asset Management had performed today or how its stock had performed in the past. Today (i.e. February 8, 2019), the shares of Platinum Asset Management closed the day in red as the stock price witnessed the fall of A$0.070 per share or 1.455%. The market capitalization of Platinum Asset Management stood at ~$2.82 billion. The company’s stock price is trading towards the lower level. The annual dividend yield of Platinum Asset Management stood at 6.65%. Talking about the past performance, the stock Platinum Asset Management had delivered the return of -11.42% in the time frame of the past six months. However, in the time span of the previous three months, the company’s stock posted the return of -8.56%. As per the Australian Securities Exchange or ASX, Platinum Asset Management stock had earnings per share (or EPS) of A$0.324. As per the same source, the company had a price-to-earnings ratio (or P/E ratio) of 14.860x.

Additionally, in the previous one month, the stock of Platinum Asset Management had delivered -1.03% return.


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