Report
David Ellis
EUR 101.80 For Business Accounts Only

Platinum is a respected, highly regarded Australian asset manager focused on international equities.

We maintain our AUD 5.50 per share fair value estimate for narrow-moat Platinum Asset Management following the fiscal 2017 result. The key takeout is that funds flows are returning after two years of net fund outflows: negative AUD 3.6 billion in fiscal 2017 and negative AUD 1.4 billion in fiscal 2016. Fiscal 2018 has started well with AUD 266 million in net inflows over July 1, 2017 to Aug. 22. This is encouraging but it is still early in the new fiscal year and we bear in mind July typically b...
Underlying
Platinum Asset Management Ltd

Platinum Asset Management is a non-operating holding company of Platinum Investment Management Limited. Co.'s subsidiary, Platinum Investment Management Limited, trades as Platinum Asset Management, operates a funds management business. Co. has two main operating segments: funds management, and investments and other.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
David Ellis

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