Platinum Asset Management Limited (ASX:PTM) Update on Funds Under Management
Funds Under Management Update
Platinum Asset Management Limited (ASX:PTM) reported an increase in funds under management to $11,050 million as of 31 December 2024, up from $10,957 million at the end of November 2024. The company noted that it experienced net outflows of approximately $289 million during December.
Performance Fee Insights
For the six months ending 31 December 2024, Platinum did not anticipate any significant performance fees. The company highlighted that performance fees can fluctuate considerably from year to year, depending on investment performance.
Platinum’s most recent investment performance details are accessible on their official website.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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