AuM Update

RNS Number : 5234E

Polar Capital Holdings PLC

08 July 2021

 

8 July 2021                                                   Polar Capital Holdings plc

AuM Update

Polar Capital Holdings plc ("Polar Capital" or the "Group"), the specialist active asset management group, today provides its quarterly update of its unaudited statement of its Assets under Management ("AuM").

Group AuM   (unaudited)

Polar Capital reports that as at 30 June 2021 its AuM were £22.8bn compared to £20.9bn at the end of March 2021, an increase of 9% over the quarter. In the quarter, AuM increased by net inflows of £0.5bn and £1.4bn related to market movement and fund performance.

AuM movement in three months to 30 June 2021
	Open ended funds	Investment Trusts	Segregated mandates	Total
AuM at 1 April 2021	£16,579m	£3,867m	£417m	£20,863m
Net subscriptions	£24m	£138m	£371m	£533m
Market movement and performance	£1,010m	£371m	£45m	£1,426m
Total AuM at 30 June 2021	£17,613m	£4,376m	£833m	£22,822m

Gavin Rochussen, Chief Executive, commented:

"It is pleasing to report £533m of net inflows in the quarter across our range of fund strategies including the funding of a further three segregated mandates.

"A combination of net inflows, market uplift and outperformance enabled our AuM to increase by £1.9bn in the quarter from £20.9bn to £22.8bn, a 9% increase.

"We remain confident that with our diverse range of active specialist fund strategies we are well positioned to perform for our clients and shareholders over the long term."

For further information please contact:

Polar Capital Gavin Rochussen (Chief Executive) John Mansell (Executive Director) Samir Ayub (Finance Director)	[phone]
Numis Securities Limited - Nomad and Joint Broker Charles Farquhar Stephen Westgate Kevin Cruickshank (QE)	[phone]
Peel Hunt LLP - Joint Broker Andrew Buchanan Rishi Shah	[phone]
Camarco Ed Gascoigne-Pees Jennifer Renwick Monique Perks	[phone]

 

END

 

 

UPDEASXXESEFEFA