I have been interested in platinum managed funds for a while now and in particular the japanese fund and international fund (~70% exposure to japan).
Given that until recently the min investment was $50 000 it has been a bit out of my depth. Recently they have changed the min to $25 000 which has sparked my interest again but it is still a fair bit more than I would like to invest in this particular avenue.
They also have a "fund" that mimics the international fund which is listed on the ASX under the code PMC.
This obviously apeals becuase the min then becomes $500 (minimum share holding).
The share price is always well above NTA though and this makes me hesitant as I'd rather invest in the managed fund at "real value" than in an overinflated share price.
The latest monthly report has the net asset backing (is this the same as NTA?) at $1.6943 with a share price of $2.17 putting it at a 47c premium.
It also states that retained earnings are 58cps.
Does this mean that they have assets at ~$1.70 per share and cash per share of $0.58?
Ill attach the pdf so you can follow what I am saying.
Basically I want to know if I am getting the same value for money investing through the shares as if I was to invest in the managed fund.