Platinum Asset Management traded at 1.07 this Tuesday March 24th. Looking back, over the last four weeks, Platinum Asset Management lost 11.57 percent. Over the last 12 months, its price rose by 89.38 percent. Looking ahead, we forecast Platinum Asset Management to be priced at 1.15 by the end of this quarter and at 1.08 in one year, according to Trading Economics global macro models projections and analysts expectations.
Platinum Asset Management Limited is an Australia-based holding company. The Company is engaged in funds management business. It operates through two segments: Funds management, and Investments and other. The Company offers a range of products with different characteristics to suit different investor needs and provides multiple ways of accessing its global and regional equity strategies, including unlisted Australian-registered managed funds, Australian Stock Exchange (ASX)-listed investment companies (LICs), ASX-quoted actively managed funds as well as a mFund. Its managed funds include Platinum International Fund, Platinum Global Fund, Platinum Asia Fund, Platinum European Fund, Platinum Japan Fund and others. The Company's LICs include Platinum Capital Limited, and Platinum Asia Investments Limited. Its mFund Settlement Service allows access to certain unlisted managed funds through a more streamlined transaction settlement process.