AUM Update

RNS Number : 3750C

Polar Capital Holdings PLC

13 April 2017

 

13 April 2017

Polar Capital Holdings plc

AUM Update

Polar Capital Holdings plc ("Polar Capital" or the "Group"), the boutique investment management group, today provides its regular quarterly update of its unaudited statement of its Assets under Management ("AUM").

Group AUM (unaudited)

Polar Capital reports that as at 31 March 2017 its AUM were £9.3bn compared to £7.3bn at the end of March 2016.

AUM movement in twelve months to 31 March 2017	USD			GBP
	Long only funds	Alternative funds	Total	Long only funds	Alternative funds	Total
AUM at 31 March 2016	$9,378m	$1,054m	$10,432m	£6,531m	£734m	£7,265m
Net subscriptions / (redemptions)	$(377)m	$(19)m	$(396)m	£(215)m	£(15)m	£(230)m
Market movement and performance	$1,600m	$2m	$1,602m	£2,131m	£107m	£2,238m
Total AUM at 31 March 2017	$10,601m	$1,037m	$11,638m	£8,447m	£826m	£9,273m

Comment

It is encouraging to report a second consecutive quarter of net inflows. The £300m+ of net inflows in the final quarter of 2016 have been followed by 2017's first quarter delivering in excess of £200m of net inflows.

As 2017 commences it is also reassuring to note the positive performance of the Group's portfolio of funds as demonstrated by the table below that summarises the performance of the Group's Lipper rated UCITS funds as at 31 March 2017. The table shows that twelve out of eighteen funds are top quartile since launch and more recently, eleven are top quartile over one year. From this position of strength we feel that we are well positioned to benefit from the breadth and quality of our investment product and we look into the medium term with confidence.

Against this backdrop we commence our new financial year with our business more balanced than in recent years and are hopeful that the year ahead will deliver net inflows notwithstanding a significant correction in global equity markets.

	1 year	3 years	5 years	Since inception
1st quartile	11 funds	7 funds	7 funds	12 funds
2nd quartile	4 funds	5 funds	2 funds	6 funds
3rd quartile	3 funds	2 funds	1 fund	0 funds
4th quartile	0 funds	0 funds	1 fund	0 funds

For further information please contact:

Polar Capital Tim Woolley (CEO) John Mansell (COO)	[phone]
Canaccord Genuity - Nomad and Joint Broker Simon Bridges  (QE) Andrew Buchanan Kit Stephenson	[phone]
Peel Hunt - Joint Broker Guy Wiehahn	[phone]
Camarco Ed Gascoigne-Pees	[phone]

 

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