Business
Why the Platinum (ASX:PTM) share price is falling today
The Platinum Asset Management Ltd (ASX: PTM) share price is not having a great start to the week today. At the time of writing, Platinum shares are down 3.57% to $4.86 a share after closing at $5.04 on Friday afternoon. In contrast, the S&P/ASX 200 Index (ASX: XJO) is currently down just 0.5%.
It’s a rare 2021 pullback for Platinum, which has seen its share price rise more than 17% year to date so far. So why is the Platinum share price underperforming so convincingly today?
Ebbs and flows for Platinum shares
The Platinum share price is almost certainly reacting today to an ASX release the company made last week after market close on Friday. This announcement was a monthly funds under management (FUM) disclosure that the asset…
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