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Platinum Asset Management Ltd ( (AU:PTM) ) has issued an update.
Platinum Asset Management Limited announced that a significant client plans to redeem approximately $580 million from its various trust funds and mandate. This redemption, expected to occur over October and November 2025, will impact the reported Funds under Management during these months, potentially affecting the company’s financial standing and market positioning.
The most recent analyst rating on (AU:PTM) stock is a Hold with a A$0.53 price target. To see the full list of analyst forecasts on Platinum Asset Management Ltd stock, see the AU:PTM Stock Forecast page.
More about Platinum Asset Management Ltd
Platinum Asset Management Limited is a company operating in the financial services industry, primarily focused on investment management. It offers a range of trust funds and ETFs, including international, global, Asia, European, Japan, brands, health sciences, and technology funds.
YTD Price Performance: 19.05%
Average Trading Volume: 2,131,434
Technical Sentiment Signal: Buy
Current Market Cap: A$459.3M
For detailed information about PTM stock, go to TipRanks’ Stock Analysis page.