Termination of Scheme Deed Could Signal Strategic Shift for Platinum’s ETF
Platinum Investment Management has officially terminated its Scheme Implementation Deed with Platinum Capital Limited, marking a significant shift in the management of the Platinum International Fund Complex ETF.
- Termination of Scheme Implementation Deed between Platinum Investment Management and Platinum Capital Limited
- Agreement invoked under clause 13(f) of the deed
- Implications for Platinum International Fund Complex ETF (PIXX)
- No immediate explanation or future plans disclosed
- Potential impact on investor confidence and fund strategy
Background to the Agreement
On August 5, 2025, Platinum Investment Management Limited announced the termination of the Scheme Implementation Deed (SID) it had entered into with Platinum Capital Limited. This deed, originally dated October 1, 2024, was a formal agreement outlining the strategic collaboration between the two entities concerning the Platinum International Fund Complex ETF (ASX – PIXX) and related fund structures.
What the Termination Means
The termination was executed pursuant to clause 13(f) of the SID, a contractual provision allowing either party to end the agreement under certain conditions. While the announcement confirms the deed’s cessation, it notably omits any detailed reasoning behind this decision or the anticipated consequences for the funds involved.
This move effectively dissolves the formal partnership framework that had governed aspects of fund management and strategic coordination between Platinum Investment Management and Platinum Capital Limited. Given the prominence of both entities in the Australian asset management landscape, this development is likely to attract close scrutiny from investors and market watchers alike.
Investor and Market Implications
Investors in the Platinum International Fund Complex ETF may be left wondering about the future direction of the fund and any operational changes that could follow. The absence of immediate guidance or commentary on next steps introduces a degree of uncertainty, which could influence market sentiment in the short term.
Moreover, the termination raises questions about the strategic alignment between the two firms and whether this signals a broader shift in Platinum Investment Management’s approach to its ETF offerings. The market will be keen to see if this leads to new initiatives, restructuring, or alternative partnerships.
Looking Ahead
Elizabeth Norman, Director of Investor Services and Communications at Platinum Investment Management, remains the point of contact for further inquiries, suggesting that more information may be forthcoming. For now, the industry watches closely as this development unfolds, weighing its potential impact on fund performance and investor confidence.
Bottom Line?
The termination of this key agreement opens a new chapter for Platinum’s ETF strategy, with investors awaiting clarity on what comes next.
Questions in the middle?
- What prompted the termination of the Scheme Implementation Deed at this stage?
- How will this affect the management and performance of the Platinum International Fund Complex ETF?
- Are there plans for new partnerships or strategic directions following this termination?
