Platinum Asset Management November 2023 FUM Update

Platinum Asset Management Limited (ASX:PTM) reported net outflows of approximately $186 million in November 2023, including net outflows of about $143 million from the Platinum Trust Funds. The Funds Under Management (FUM) and flow information provided are approximate, rounded, and unaudited.

Platinum Asset Management's Response to November 2023 FUM Update

The recent net outflows experienced by Platinum Asset Management in November 2023, including the outflows from the Platinum Trust Funds, reflect the evolving market dynamics and investor sentiment. We continue to focus on delivering long-term value to our investors and remain committed to our investment philosophy and process.

Platinum Asset Management November 2023 FUM Summary and Outlook

Platinum Asset Management reported net outflows of approximately $186 million in November 2023, with around $143 million attributed to the Platinum Trust Funds. The unaudited nature of the FUM and flow information indicates the need for cautious interpretation. Despite the recent outflows, Platinum Asset Management remains dedicated to its core principles and is determined to navigate the evolving market conditions. The company aims to uphold its commitment to delivering sustainable long-term value to its investors while adapting to the changing investment landscape.