Platinum price guides raised

Platinum Asset Management’s funds under management rose 4% in December to $23.2bn. That’s 13% higher than when we last reviewed the stock in Platinum Asset Management: Result 2013 on 16 Aug 13 (Hold – $6.15), justifying the confidence expressed by managing director Kerr Neilson at that time. Fund performance in the second half of 2013 was solid, with the Platinum International Fund (worth almost $10bn at 31 December) returning 19% – almost bang in line with its benchmark. The $4bn Platinum Asia Fund did a little better, at about 15% compared to 12% for its benchmark. But of course...

Platinum Asset Management’s funds under management rose 4% in December to $23.2bn. That’s 13% higher than when we last reviewed the stock in Platinum Asset Management: Result 2013 on 16 Aug 13 (Hold – $6.15), justifying the confidence expressed by managing director Kerr Neilson at that time.

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