Key Highlights

  • PAXX is an actively managed complex ETF investing in listed Equity securities of Asian companies, admitted to ASX trading on 14 September 2017.
  • The fund reported net Assets of $269.82 million and 47,756,263 units on issue, with a management fee of 1.13 percent per annum.
  • Disclosed top holdings include Taiwan Semiconductor Manufacturing, Samsung Electronics, InterGlobe Aviation, Tencent Holdings, SK Hynix, China Resources Land and Macrotech Developers.
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The Platinum Asia Fund Complex ETF (ASX:PAXX) primarily invests in listed equity securities of Asian companies, with the mandate extending to companies not listed in Asia but whose predominant Business is conducted in the region, as well as companies benefiting from exposure to the Asian economic region. Admitted to ASX trading on 14 September 2017, the fund is categorised under Equity Asia Pacific without Japan and benchmarked against the MSCI AC Asia ex Japan NR AUD index.

The fund reported net assets of $269.82 million and 47,756,263 units on issue, with a management fee of 1.13 percent per annum. Risk metrics show a Beta of 0.75 and a Standard Deviation of 17.00, both comparatively moderate figures within the category. The fund's Turnover ratio was recorded at 304.79 percent, a notably elevated figure indicating a considerably higher pace of portfolio repositioning than typically seen among passive or lower-turnover active strategies.

Holdings and Portfolio Disclosure

Disclosed top holdings for PAXX include Taiwan Semiconductor Manufacturing at 5.30 percent, Samsung Electronics at 4.41 percent and InterGlobe Aviation at 4.31 percent. Tencent Holdings, SK Hynix, China Resources Land and Macrotech Developers make up the remaining disclosed top holdings, at 3.77 percent, 3.26 percent, 3.17 percent and 3.03 percent respectively. Detailed sector weighting, geographic exposure and Market Capitalisation breakdown figures were not available in the most recent disclosure, and total fund holdings and top-ten concentration percentages were similarly not reported at the time of publication.

Given the fund's actively managed structure and its comparatively high turnover ratio, the composition of specific holdings and sector tilts can shift more frequently between reporting periods than would typically be observed in an index-tracking vehicle.

Key Takeaways

PAXX provides investors with an actively managed pathway into Asian equities under Platinum's broader Investment approach, distinguished by a comparatively elevated turnover ratio relative to peers and a set of disclosed top holdings spanning Taiwan, South Korea, India and China.