Platinum has announced its Platinum Global Transition Fund (Quoted Managed Hedge Fund) (ASX: PCTX) has been listed on the Australian Securities Exchange.
The fund, created in July 2022, is an Australian registered managed investment scheme. Units in the fund can be bought and sold on the ASX, or otherwise through the fund’s unit registry.
According to Platinum, PCTX aims to provide long-term capital growth by investing in undervalued companies around the world that align with the transition away from fossil fuel-derived energy and consumption.
Its primary investment areas include production and transmission, energy storage, energy efficiency, scope 1, 2, and 3 emissions reduction, transport and hydrocarbon substitutes.
“The transition away from carbon will be the largest capital investment cycle the world has ever attempted,” said the fund’s portfolio managers, Liam Farlow and Jodie Bannan.
Acknowledging that “It’s going to require trillions of dollars of investment every year”, the pair said what it essentially entails is a complete revamp of “our energy systems and the manufacturing processes that we rely on everyday”.
“If we take, for example, the electrification of transport — this is going to see increasing demand for components such as batteries, EV motors and semiconductors. The supply chain of these industries is going to scale rapidly, which will create many opportunities.”
“It will span many decades and provide attractive investment opportunities across a variety of companies that are seeking to benefit from the carbon transition,” Mr Farlow and Ms Bannan concluded.
