BUZZ-Australia's Platinum Asset Management extends decline on monthly FUM drop

Reuters

2025/05/07

** Platinum Asset Management PTM.AX extends Tuesday's losses, sliding as much as 10.4% to A$0.560; its biggest intraday pct loss since February 26

** Stock hits lowest since April 29

** Asset manager's funds under management $(FUM.UK)$ drops to A$9,647 mln ($6.26 bln) as of April 30 vs year-ago A$13,747 mln

** On Tuesday, PTM fell 6.7% to A$0.625, snapping a three-session winning streak

** Stock last down 5.6%, takes YTD losses to 14.5%

($1 = A$1.5413)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))

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