Platinum Investment Management reports AU$331 million Net Outflows in August 2024

Platinum Investment Management Limited (ASX: PTM) reported a decline in Funds Under Management (FUM), dropping from AU$13,032 million in July to AU$12,227 million in August 2024. This decrease includes net outflows of approximately AU$331 million, with AU$288 million attributed to the Platinum Trust Funds. The company continues to focus on its investment strategies, aiming for long-term capital growth by investing in undervalued companies globally. Despite the recent outflows, Platinum's investment performance remains accessible for review on its website. The firm emphasizes a bottom-up investment approach, prioritizing stock selection over macroeconomic models, to achieve absolute returns for its investors.

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