Platinum Funds Remain Well Positioned for Long-Term Growth

After a record prior year Platinum Asset Management's performance fees vanished in first-half fiscal 2015, and we don't believe performance fees will feature in the second half either. Potential performance fees to be made in the first half are tied to absolute performance mandates, while Platinum has relative performance mandates which are paid in the second half. The majority of these mandates are in the International Fund, which has underperformed its relative benchmark by almost 2% during the first 10 months of fiscal 2015. Even though Platinum's International Fund has delivered 23% per annum over the past three years, Platinum does not follow index weightings, so should its investment strategy to have a greater allocation to Asia (more than 40% of the portfolio) than the United States (14%) prove correct, it should deliver substantial outperformance in future years.