Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement
Markets
09 September 2025 by Maja Garaca Djurdjevic

Lonsec joins Count in raising doubts over Metrics funds

Lonsec has cut ratings on three Metrics Credit Partners funds, intensifying scrutiny on the private credit manager’s governance and lending weight to ...
icon

Silver’s record performance riding ‘dual tailwinds’, Global X says

Silver ETFs are drawing record inflows, fuelled by strong industrial demand, gold’s upward momentum, and global interest ...

icon

Conaghan says Labor has retreated from ‘flawed’ super tax

The shadow financial services minister has confirmed Labor’s retreat from the proposed $3 million super tax, describing ...

icon

Ausbil backs active edge with new dividend ETF

The Australian fund manager Ausbil has launched an active ETF designed to provide investors with resilient income, ...

icon

Combet hails $27bn gain as portfolio shifts pay off

The Future Fund has posted a $27.4 billion increase in value to $252.3 billion, driven by strong equity markets, ...

icon

Global funds outperform as Australian equities lag benchmarks

Active fund managers in Australia face mixed fortunes as global equities and real estate outperform but domestic ...

VIEW ALL

Platinum secures $1.2 billion in inflows

  •  
By Christine St Anne
  •  
2 minute read

Platinum Asset Management has secured $1.2 billion in inflows.

Listed investment firm Platinum Asset Management has reported $1.2 billion in institutional inflows for the 2010 financial year.

The bulk of the inflows were into the fund's flagship international equities fund.

In July, the fund secured a $450 million mandate from a United States pension fund.

While the bulk of the inflows were from Australian superannuation funds, the fund is also available on a number of retail platforms, including MLC's platform.

 
 

"The company has performed reasonably, given the prevailing investment market uncertainty and weakness of the global economy," Platinum Asset Management chair Michael Cole said.

The listed investment firm also reported a net profit after tax for 2009/10 of $136.9 million, an increase of 8.5 per cent on 2008/09.

The firm also reported a rise in funds under management of $4.4 billion to $18.4 billion. This was up 31.5 per cent on the previous financial year.

"The increase in funds under management compromises net inflows of $2.5 billion and investment performance of $1.9 billion," Coleman said.