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Platinum Asset Management’s recently released September quarter update wasn’t pretty. The long-term value manager has been left behind by surging growth stocks, with recent underperformance placing pressure on fund flows. In 2020, over half the group’s funds have underperformed their relevant benchmarks but continue to benefit from longevity in the form of strong longer-term returns….
Investing in a Platinum Asset Management fund to gain international equity exposure is no longer a done deal after it had a mixed outcome in its latest ratings, with three funds downgraded and one upgraded to gold. Research house Morningstar downgraded Platinum International, Platinum Global and Platinum Unhedged to bronze due to “a lack of…