Australia's Platinum Asset Management slips on lower monthly FUM

L1

06/05/2025 02:28

** Shares of Platinum Asset Management PTM.AX fall 3.7% to A$0.645, set for their weakest session since February 26, if losses hold

** The fund manager posts funds under management of A$9,647 million ($6.22 billion) as at April-end vs A$13,747 million last year

** Stock ends three consecutive sessions of wins

** Stock down 6.5% YTD, including moves in current session

   ($1 = 1.5504 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((JasmeenAraIslam.Shaikh@thomsonreuters.com;))