Platinum Asset Management, an investment management company, released its Q2 2026 investor letter for “Platinum International Brands Fund”.
A copy of the letter can be downloaded here
The fund returned over 4% in the quarter but lost 14% over the past year, primarily due to the dominance of tech stocks amid an AI investment boom. Consumer-focused sectors underperformed due to weak sentiment and challenges such as high interest rates and rising oil prices, which have contributed to record-low consumer confidence. However, the fund’s holdings remain fundamentally strong, with top holdings averaging 13% sales growth and 19% profit growth.
The letter noted that positive developments include resumed job growth, reduced oil prices, and easing fiscal policy, which potentially enhance consumer sentiment. In addition, please check the Fund’s top five holdings to know its best picks in 2026. In its Q2 2026 investor letter, Platinum International Brands Fund highlighted Zoetis Inc. (NYSE:ZTS).