Platinum Asia Investments Limited (ASX: PAI) is a listed investment company (LIC) that provides exposure to an actively managed portfolio of predominantly listed securities in the Asia ex Japan region. The Company has a history of more than seven years with the Company listing on the ASX in September 2015. The portfolio is managed by Platinum Asset Management Ltd (ASX: PTM), an ASX-listed asset management company focused on global equities with $17.3 billion funds under management (FUM) as at 30 June 2023. The Company provides exposure to the Asia ex Japan strategy which has a track record dating back to March 2003 through the Platinum Asia Fund Class C units. The strategy aims to provide exposure to the developing and emerging markets in the Asian region, hence the exclusion of Japan. The Company’s primary objective is to provide capital growth over the long-term by investing in what the Manager considers are undervalued companies in the Asia (ex Japan) region with the Company seeking to achieve net returns over a five year plus period that are in excess of the MSCI All Country Asia ex Japan, Net Index, AUD. While the Company’s primary objective is long-term capital growth, the Manager seeks to mitigate the risk of capital loss by employing a range of strategies including the use of cash and adjusting cash levels, reallocating funds from overvalued to undervalued stocks and short selling, both individual stocks and indices. The Manager has a long-term, contrarian approach to investing with the Manager seeking out companies who’s business and growth prospects are temporarily undervalued by the market. The Manager has an index unaware approach with stock selection based on the bottom up fundamental analysis as opposed to a top down approach and little regard to the benchmark index. This results in the portfolio being highly differentiated from the benchmark index with regards to company, sector and geographic allocations. The Manager’s fees are in line with its listed actively managed peers with the Company paying a management fee of 1.10% p.a. and the Manager eligible for a performance fee of 15.0% of the outperformance of the benchmark index, subject to a High Water Mark.