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Platinum Asia Fund (Quoted Managed Hedge Fund) (ASX: PAXX) - Share Price and Research

Current share price for PAXX : $4.300 0.01 (0.23%)+

Platinum Asia Fund (Quoted Managed Hedge Fund) (PAXX) is a feeder fund that primarily invests in the unlisted Platinum Asia Fund. The returns of PAXX may vary from the returns of PAF's performance fee P Class due to different cash holdings as well as gains and losses arising as a result of PAXX's market making activities.

PAXX General Information +

ASX Code PAXX
Website http://www.platinum.com.au
Industry/Sector Asset Management & Custody Banks
Market Cap ($M) 80
PAXX Share Price $4.300
Day High $4.300
Day Low $4.280
Last Close $4.290
PAXX Share Price Movement $0.01 ( 0.23% )
Prices as at 16:40, 23 Aug 2024
+Security prices are delayed by at least 20 minutes and are indicative only.

PAXX Related Research

Exchange Traded Fund Description

Platinum Asia Fund (Quoted Managed Hedge Fund) (PAXX) is a feeder fund that primarily invests in the unlisted Platinum Asia Fund. The returns of PAXX may vary from the returns of PAF's performance fee P Class due to different cash holdings as well as gains and losses arising as a result of PAXX's market making activities.

Platinum Asia Fund (Quoted Managed Hedge Fund) (PAXX) Upcoming Dividends & Yields

Distribution Type Dividend Franking Ex-dividend date Payment date Current Price+ Price 7D Avg Dividend Yield
HFResult 3.36¢ 0% 27 Jun 2024 15 Jul 2024 $4.300 $4.350 -
HFResult 6.31¢ 0% 29 Jun 2023 17 Jul 2023 $4.300 $4.350 -
HFResult 14.64¢ 0% 29 Jun 2022 15 Jul 2022 $4.300 $4.350 -

See all dividends from Platinum Asia Fund (Quoted Managed Hedge Fund) (PAXX) or use our Upcoming Dividends tool to search for dividends across all ASX-listed securities.

Platinum Asia Fund (Quoted Managed Hedge Fund) (PAXX) Recent ASX Announcements

Company Sector Market Cap ($m) Headline Release
date/time+		 Price at
release+		 Current
price+		 Gain/Loss View
Platinum Asia Fund (Quoted Managed Hedge Fund) (PAXX)
PLATINUM ASIA FUND (QUOTED MANAGED HEDGE FUND)
 Financials $81 Monthly redemptions and units on issue July 2024 7 Aug 2024 10:13AM $4.160 $4.300 risen by 3.37%
Platinum Asia Fund (Quoted Managed Hedge Fund) (PAXX)
PLATINUM ASIA FUND (QUOTED MANAGED HEDGE FUND)
 Financials $81 Proposed Scheme of Arrangement with PAI 24 Jul 2024 10:01AM $4.360 $4.300 fallen by 1.38%
Platinum Asia Fund (Quoted Managed Hedge Fund) (PAXX)
PLATINUM ASIA FUND (QUOTED MANAGED HEDGE FUND)
 Financials $81 Payment Notice for PAI (Quoted Managed Hedge Fund) 8 Jul 2024 3:51PM n/a $4.300 n/a
Platinum Asia Fund (Quoted Managed Hedge Fund) (PAXX)
PLATINUM ASIA FUND (QUOTED MANAGED HEDGE FUND)
 Financials $81 Monthly redemptions and units on issue June 2024 4 Jul 2024 12:00PM n/a $4.300 n/a
Platinum Asia Fund (Quoted Managed Hedge Fund) (PAXX)
PLATINUM ASIA FUND (QUOTED MANAGED HEDGE FUND)
 Financials $81 Final distribution for the financial year ended 30 June 2024 4 Jul 2024 11:03AM n/a $4.300 n/a
Platinum Asia Fund (Quoted Managed Hedge Fund) (PAXX)
PLATINUM ASIA FUND (QUOTED MANAGED HEDGE FUND)
 Financials $81 PAXX estimated distribution and key dates 30 June 2024 25 Jun 2024 3:16PM $4.470 $4.300 fallen by 3.80%

PAXX Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2023A $1.99 $8.10 -110.70% 50.70 6.30 1.50% 0.0%
2022A -$21.02 -$76.20 -162.00% 0.00 14.60 3.20% 0.0%
2021A $37.58 $123.00 92.30% 4.50 88.70 15.90% 0.0%

PAXX Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2021 A 2022 A 2023 A 2021 A 2022 A 2023 A 2021 A 2022 A 2023 A
Magellan Financial Group (MFG) $1,713M 0.0198 -0.0581 0.0145 9.2914 9.8647 9.7241 6.87% 5.87% 5.24%
Netwealth Group (NWL) $5,675M 0.2382 0.1821 0.2429 68.1818 57.6780 46.4072 1.20% 1.45% 1.77%
Platinum Asia (PAXX) $80M -1.1067 0.0000 0.0000 52.7675 0.0000 0.0000 1.47% 0.00% 0.00%
Pinnacle Investment Management Group (PNI) $3,601M 0.1667 0.1969 0.1911 38.9670 32.5560 27.3316 2.37% 2.76% 3.29%
Perpetual (PPT) $2,386M -0.2217 0.0903 0.0134 12.4828 11.4494 11.2978 7.41% 6.70% 6.70%

PAXX Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.00 52.90 1.02 0.00
Market 0.33 13.50 1.06 0.92
Sector 0.00 0.00 0.00 0.00

PAXX Directors

Name Position Start Date
Mr Andrew M Clifford Chief Investment Officer, Chief Executive Officer, Managing Director 1 Jul 2018
Mr Andrew Stannard Executive Director 1 Jan 0001
Ms Elizabeth Norman Non-Executive Director 1 Jan 0001

Platinum Asia Fund (Quoted Managed Hedge Fund) (PAXX) Changes in Directors' Interest & Trades

There are no directors' trades from Platinum Asia Fund (Quoted Managed Hedge Fund) (PAXX). Please use our Changes in directors' interest tool to search for changes & trades across all ASX-listed securities.

PAXX Management

Name Position
Joanne Jefferies Company Secretary,General Counsel

PAXX Calendar of Events

Date Event
28 August 2024 Report (Annual)

FAQs about Platinum Asia Fund (Quoted Managed Hedge Fund) (PAXX)

Platinum Asia Fund (Quoted Managed Hedge Fund)'s (PAXX) current share price is $4.30. This constitutes a price movement of 1.15% when compared to the share price 7 days ago and is -9.09% below PAXX's 12-month high of $4.73 per share. Prices are delayed by at least 20 minutes.

Relative to the previous close share price of $4.29, Platinum Asia Fund (Quoted Managed Hedge Fund)'s (PAXX) current share price of $4.30 constitutes a movement of $0.01 or 0.23%. Platinum Asia Fund (Quoted Managed Hedge Fund)'s (PAXX) share price movement is -1.15% when compared to 7 days ago and is -9.09% below PAXX's 52-week high of $4.73.

Platinum Asia Fund (Quoted Managed Hedge Fund)'s (PAXX) 52-week high is $4.73 which was reached on 21 May 2024. Relative to this, PAXX's current share price of $4.30 constitutes a -$0.43 or -9.09% drop since that high of $4.73 per PAXX share.

Platinum Asia Fund (Quoted Managed Hedge Fund)'s (PAXX) 52-week low is $3.91 which was reached on 18 Jan 2024. Relative to this, PAXX's current share price of $4.30 constitutes a $0.39 or 9.97% gain since that low of $3.91 per PAXX share.

Platinum Asia Fund (Quoted Managed Hedge Fund)'s (PAXX) current market capitalisation is $80,657,564. Market capitalisation, sometimes referred to as "market cap", is the total value of a company's or ETF's issued shares or units owned by shareholders or unitholders. Market capitalisation is equal to the market price per share or unit multiplied by the number of shares or units outstanding.

Platinum Asia Fund (Quoted Managed Hedge Fund) (PAXX) last distribution or dividend was $0.03 per share and was paid on 15 Jul 2024. This last PAXX distribution or dividend included 0% franking.

Upcoming ex-distribution date: 27 Jun 2024

Upcoming record date: 28 Jun 2024

Upcoming payment date: 15 Jul 2024

ETFs, such as Platinum Asia Fund (Quoted Managed Hedge Fund) (PAXX), pay distributions instead of dividends. The difference is that dividends are declared by companies from part of the profits made during any given year and the company’s management decide the amount of earnings retained verses how much to pay out to investors. An ETF, like Platinum Asia Fund (Quoted Managed Hedge Fund) (PAXX), must pay out all realised income. This is a combination of any dividends received plus capital gains realised from the buying and selling of underlying holdings within Platinum Asia Fund (Quoted Managed Hedge Fund) (PAXX).


A distribution has three key dates:

Ex-distribution date: Date the distribution value leaves the ETF. This will normally correspond with the ETF unit price dropping in value by the same amount as the distribution.

Record date: Date someone must be on the unit registry to receive the distribution.

Payment date date: Date the distribution is paid to the unit holder.

Platinum Asia Fund (Quoted Managed Hedge Fund) (PAXX) has a current dividend yield of n/a this year. Last year's dividend yield was 1.50%. The dividend yield for PAXX is a ratio that tells you the percentage of Platinum Asia Fund (Quoted Managed Hedge Fund) (PAXX)'s share price that it pays out in dividends each year. The dividend yield is calculated by dividing the annual dividends by the current share price.

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