Morningstar has reduced our rating on Platinum International ETF ( ASX: PIXX) and Platinum International funds.

Santos’ disappointing returns over the past twenty years are mostly a result of bad timing. The timing of its potential departure from the ASX could also be unfortunate.

The structure of ETFs allows for units to be bought and sold easily. On the other hand, mutual funds are priced and traded only once a day after market close, meaning they are less liquid and ...