Platinum World Portfolios - Asia Fund

A diversified portfolio of Asian (ex-Japan) companies across industry sectors, the fund offers investors exposure to undervalued businesses benefiting from the region’s dynamic growth and transformation.

Investment objective:

To provide capital growth over the long-term (generally 5 to 7 years) through investing 50% to 100% of the fund’s net asset value in undervalued securities of companies in the Asian region (excluding Japan).

Key benefits:

  • Access to a manager with a proven investment philosophy and method for selecting undervalued stocks and a team of experienced investment professionals
  • Exposure to an actively managed, diversified equity portfolio that seeks to minimise losses during market downturns using risk management techniques
  • Actively managed currency exposures providing diversification and potentially reducing currency risk
  • Choice of share classes denominated in USD, EUR or GBP
  • Portfolio Manager(s)
    Andrew Clifford
    Andrew Clifford

    Chief Executive Officer & Co-Chief Investment Officer

    Andrew co-founded Platinum in 1994 as the Deputy Chief Investment Officer, having worked alongside Kerr Neilson for several years at Bankers Trust and perfecting the craft of uncov ... More

    Cameron Robertson
    Cameron Robertson

    Portfolio Manager

    Cameron joined Platinum in 2010, initially focusing on resources and industrial companies, and later on the technology and communications sectors. In early 2017, Cameron was app ... More

    Kirit Hira
    Kirit Hira

    Portfolio Manager

    Kirit joined Platinum in 2016 as an investment analyst in the industrials and resource sector team. In December 2019, he joined the Asia regional team and became a co-portfolio man ... More

Fund Overview

      Share Class A Share Class B Share Class C Share Class D Share Class E Share Class F Share Class G Share Class H
    ISIN IE00BYRGR522 IE00BYRGR639 IE00BYRGR746 IE00BYRGRD06 IE00BYRGR852 IE00BYRGR969 IE00BYRGRB81 IE00BYRGRC98
    Currency US Dollar US Dollar US Dollar US Dollar Euro Euro Pound Sterling Pound Sterling
    Minimum Initial Investment US$500,000 US$100,000 US$500,000 US$100,000 €400,000 €80,000 £300,000 £60,000
    Minimum Subsequent Investment US$25,000 US$25,000 US$25,000 US$25,000 €20,000 €20,000 £20,000 £20,000
    Minimum Holding US$500,000 US$100,000 US$500,000 US$100,000 €400,000 €80,000 £300,000 £60,000
    Anti-Dilution Levy (on entry or exit) 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25%
    Investment Management Fee                
    · Base Fee1 0.75% 1.40% 0.75% 1.40% 0.75% 1.40% 0.75% 1.40%
    · Performance Fee2 15% Nil 15% Nil 15% Nil 15% Nil
    Voluntary Cap on Total Fees & Expenses3 1.00% 1.65% 1.00% 1.65% 1.00% 1.65% 1.00% 1.65%
    Distribution Policy Accumulating Accumulating Accumulating Accumulating Accumulating Accumulating Accumulating Accumulating
    Voting Rights Yes Yes No No Yes Yes Yes Yes
    Registered in the UK Yes Yes Yes Yes Yes Yes Yes Yes
    UK Reporting Fund Yes Yes No No No No Yes Yes
    1. As a percentage of the net asset value of the fund attributable to the relevant share class per annum.
    2. As a percentage of the amount by which the fund outperforms the benchmark index, being the MSCI All Country Asia ex-Japan Net Index (US$), after deduction of the base fee, but before deduction of any accrued performance fee. If the return on the fund in any year is less than the benchmark index, the difference for that year will be carried forward and applied against the subsequent year’s return for the fund for the purpose of calculating a performance fee. The shortfall will be carried forward until a performance fee becomes payable. No performance fee can be paid unless all prior underperformance has been clawed back.
    3. This voluntary cap represents, as a percentage of the net asset value of the fund attributable to each share class, the maximum amount that can be paid out of the fund to cover fees and expenses in a financial year, excluding performance fees, if any, that may be payable to the Investment Manager, but including any base fees and out-of-pocket expenses payable to the Investment Manager as well as any fees and expenses payable to the fund’s custodian and administrator. The Investment Manager has voluntarily undertaken to reduce or waive all or a portion of its investment management fee or to make other arrangements to reduce the fees and expenses of the fund to the extent necessary to ensure that the total fees and expenses in a financial year (excluding performance fees) do not exceed the stated levels. The Investment Manager may terminate or modify any such voluntary agreement at any time at its sole discretion upon thirty (30) days’ notice in writing to the shareholders of Platinum World Portfolios PLC.
       

    Key Investment Policies

    The following is a summary of the fund’s key investment policies and guidelines. Please carefully read the Prospectus and the Key Investor Information Documents (KIIDs) and/or Key Information Documents (PRIIPs KIDs) before making any investment decision.

    Suggested time horizon 5 or more years
    Geographic limits The fund's investments in securities are limited to securities of companies in the Asia region (ex-Japan), including securities of companies that are listed or traded outside Asia (ex-Japan), but whose business is predominantly conducted in or focused on Asia (ex-Japan). The fund defines “Asian region” as all countries that occupy the eastern part of the Eurasian landmass and its adjacent islands, except for Japan. The region is separated from Europe by the Ural Mountains, and includes the Russian Far East. The fund may invest in listed companies based in China, Hong Kong, Taiwan, Korea, Malaysia, Singapore, India, Thailand, Indonesia, Philippines, Sri Lanka, Pakistan and Vietnam.
    Industry/sector limits None.
    Asset classes
    • The fund invests primarily in equity and equity-related securities that are listed or traded on regulated markets.
    • The fund may invest up to 10% of its net asset value in unlisted securities.
    • When undervalued securities cannot be identified, the fund may invest in cash, deposits and similar instruments.
    • The fund may have exposure to bonds/debt securities through bond futures and convertible securities, but such exposure will not exceed 10% of the fund’s net asset value at the time of investment.
    Number of securities in portfolio Typically 25 to 150 securities that the Investment Manager believes to be undervalued.
    Net equity exposure Typically 50 – 100% of the fund’s net asset value.
    Derivatives The fund may use financial derivative instruments (e.g. futures, options, swaps) to increase returns and/or for the purpose of efficient portfolio management (e.g. to reduce risk exposure).
    Leverage
    • The fund may be leveraged as a result of using derivatives (including for indirect short positions), but such leverage will not exceed 100% of the fund’s net asset value.
    • The fund may borrow on a temporary basis up to 10% of its net asset value.
    Short-selling
    • Subject to the limits on leverage, the fund may hold indirect short positions through the use of derivatives (primarily equity swap contracts).
    • Typically 0 – 50% of the fund’s net asset value.
    Currency
    • The fund’s currency exposures are actively managed with the aim of capturing the returns and minimising the risks arising from the fund’s exposure to foreign currency fluctuations, which can change the value of the equity investments measured in the fund’s reporting currency (USD).
    • Platinum may manage the fund’s currency exposures using foreign exchange forwards, swaps, non-deliverable forwards, currency options and cash foreign exchange trades.
    • The fund does not seek to undertake share class hedging for share classes E – H which are denominated in a currency other than the fund’s base currency (USD).
    See Platinum’s risk management strategies for further details.

Fund Documents

Company Constitution

Company Remuneration Policy

Updates & Reports

Monthly Updates

Quarterly Investment Manager's Report

Financial Statements

Tax Reporting

Price History

The following prices (net asset value per share) pertain to the various share classes available for investing in the Platinum World Portfolios - Asia Fund. The share classes differ with respect to important attributes, such as currency of denomination, fees, voting rights as well as their availability and tax reporting status in specific jurisdictions.

Please refer to the Fund Overview for a summary of those differences, and please carefully read the Prospectus and the Key Investor Information Documents (KIIDs) before making any investment decision. The Prospectus contains further details on each share class as well as the initial subscription price (subject to any anti-dilution levy) applicable to those share classes that have not been activated (and, therefore, for which no price is displayed below).

The data presented herein are historical and are not intended as a forecast or guarantee of the future price or net asset value of the fund or any of the share classes. Share prices (net asset value per share) fluctuate with market conditions, and investors may have a gain or loss when shares are sold.
Information on this webpage does not, and is not intended to, constitute an offer or a solicitation to subscribe for, redeem or convert shares in Platinum World Portfolios PLC or any of its sub-funds in any jurisdiction in which such an offer or solicitation is not authorised or to any person to whom it is unlawful to make such an offer or solicitation.

Prospectus & PRIIPs KIDs

 

 

Prices & Performance

 

 

Fund Updates & Reports

 

 

Terms and Conditions

Dated: 1 July 2023
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