Weak Performance Weighs Heavy on Platinum
Narrow-moat Platinum Asset Management, or Platinum, has reported in-line fiscal 2018 results, albeit characterised by a weaker second half across flows and profitability after a strong first half. Up 2% to AUD 189 million for the full year, net profit after tax came in slightly above our expectation of AUD 184 million, although second-half NPAT was down 15% on the prior corresponding period. The strong outperformance in the first half attracted staff performance bonuses, which were a key driver ...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.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.