Australia's Platinum Asset Management drops most in 2-1/2 months on falling FUM

L1

08/06/2023 05:15

** Shares of Platinum Asset Management  PTM.AX  dip as much
as 5.7% to A$1.665, posting their biggest intraday pct fall
since March 20
    ** Co posts funds under management of A$17.97 bln ($11.97
bln) as at May 31, compared with A$18.44 bln as at April 30
    ** Says experienced net outflows of about A$324 mln in May
2023 
    ** Shares hit their lowest level since May 26
    ** PTM stock down 1.4% YTD, as of last close 

($1 = 1.5006 Australian dollars)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))