(Bloomberg) -- Kerr Neilson, manager of Australia's
biggest international equity fund, says he doesn't care about
short-term returns or the latest top stocks. That's probably a
good thing, since the fund is underperforming this year.
Neilson is buying shares of some of the world's biggest
companies, including Microsoft Corp. and International Paper Co.
for the A$9.5 billion ($7.8 billion) Platinum International Fund.
Since its launch 12 years ago the fund has returned more than
twice the Morgan Stanley Capital International World Index.
Read more at Bloomberg Stocks News
biggest international equity fund, says he doesn't care about
short-term returns or the latest top stocks. That's probably a
good thing, since the fund is underperforming this year.
Neilson is buying shares of some of the world's biggest
companies, including Microsoft Corp. and International Paper Co.
for the A$9.5 billion ($7.8 billion) Platinum International Fund.
Since its launch 12 years ago the fund has returned more than
twice the Morgan Stanley Capital International World Index.
Read more at Bloomberg Stocks News
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