AuM Update

Polar Capital Holdings

12/10/2026 07:00

RNS Number : 4365Y
  
Polar Capital Holdings PLC
  
12 October 2026
  
 



12 October 2026
Polar Capital Holdings plc


Trading Update


 


Polar Capital Holdings plc (“Polar Capital” or the “Group”), the specialist active asset management group, today provides an update in respect of the three months to 30 September 2026.


 


Group Assets Under Management (AuM) (unaudited)


 



AuM as at 30 September 2026 was £43.7bn.


Net inflows of £1.2bn over the quarter.


Net inflows of £3.6bn over the six months to 30 September 2026.



 


 


 

AuM movement in three months to 30 September 2026

 


 


Open ended 

Funds

 (£m)


Investment 

Trusts

(£m)


Segregated mandates

(£m)


 

Total

(£m)


AuM at 1 July 2026


 

34,573

 


9,594


826


44,993


Net flows


 

1,102

 


(2)


60


1,160


Market movement

and performance


 

(2,103)

 


(304)


(41)


(2,448)


Total AuM at 

30 September 2026


 

33,572

 


9,288


845


43,705


 


AuM movement in six months to 30 September 2026

 


 


Open ended 

Funds

 (£m)


Investment 

Trusts

(£m)


Segregated mandates

(£m)


 

Total

(£m)


AuM at 1 April 2026


23,424


6,605


604


30,633


Net flows


3,514


(48)


154


3,620


Market movement

and performance


6,634


2,731


87


9,452


Total AuM at 

30 September 2026


33,572

 


9,288


845


43,705


 


Net performance fee profits (unaudited)


 


The table below shows the Group’s net performance fee profit position, after deducting staff interests. The figures reflect accrued performance fees in Group-managed funds three months before the relevant fees are due to crystallise. There is no certainty that these fees will be sustained over the next quarter, as performance fees can be volatile.


 


Performance fees

net of staff interests (All figures in £m)


Six months to

30 Sep 25

 


12 months to

31 Mar 26

(year-end)


Six months to

30 Sep 26

 


Received


 

-

 


16.1


-


Accrued in underlying funds with year ends on or before the financial year end 


15.0


n/a


8.8*


Total net performance fee profits


15.0


16.1


8.8*


*The figures exclude £0.2m of net performance fee distributions (staff interests) that are deferred into future periods for accounting purposes, and which should be deducted from the total performance fee profit figure for the purposes of calculating adjusted total earnings per share.


 


Iain Evans, Chief Executive, commented:


“Positive momentum continued during the second quarter, with net inflows of £1.2bn in the three months to 30 September, taking net inflows for the first half of the financial year to £3.6bn. This compares with net outflows of £690m in the corresponding six-month period last year and net inflows of £902m for the prior financial year as a whole.


“Assets under management were £43.7bn at 30 September, approximately 43% higher than the £30.6bn reported at the beginning of the financial year. Strong net inflows during the quarter were more than offset by adverse market movements, with AuM approximately 3% lower than the £45.0bn reported at 30 June. 


“Demand was strongest for our differentiated specialist strategies, led by Global Technology and Artificial Intelligence. Healthcare, including Biotechnology, Smart Energy and several other strategies also contributed to net inflows. Client engagement remained high, particularly in Europe and Asia, while the geographic mix of new business continued to broaden.


“Strong investment performance across several of our principal growth franchises continued to support client demand.


“The external environment remains uncertain, with investor allocations influenced by market volatility, geopolitical developments and changing risk appetite. Against this backdrop, we believe that specialist active managers with a clear investment edge, strong performance and exposure to long-term structural themes remain well positioned.”


Polar Capital plans to announce its interim results for the half year ended 30 September 2026 on 24 November 2026.


 


 


For further information please contact:


 


Polar Capital

Iain Evans (Chief Executive)
Samir Ayub (Chief Financial Officer)


+44 (0)20 7227 2700


 

Deutsche Numis – Nomad and Joint Broker 

Charles Farquhar

Duncan Monteith

Rajesh Iyer


 

+44 (0)20 7545 8000

 

 


 

Peel Hunt LLP – Joint Broker

Andrew Buchanan

Thomas Philpott

 


 

+44 (0)20 3597 8680


Camarco – PR

Ed Gascoigne-Pees

Jennifer Renwick 

Phoebe Pugh


+44 (0)20 3757 4980


 



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