REG - Polar Capital Hldgs - AuM Update

Polar Capital HoldingsAnnouncement

08/07/2021 07:00

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)


+44 (0)20 7227 2700




 
Numis Securities Limited - Nomad and Joint Broker
Charles Farquhar
Stephen Westgate
Kevin Cruickshank (QE)


 
+44 (0)20 7260 1000
 




 
Peel Hunt LLP - Joint Broker
Andrew Buchanan
Rishi Shah


 
+44 (0)20 3597 8680




 
Camarco 
Ed Gascoigne-Pees
Jennifer Renwick 
Monique Perks


 
+44 (0)20 3757 4995




 

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