REG - Polar Capital Hldgs - AuM Update

Polar Capital HoldingsAnnouncement

14/04/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250414:nRSN7958Ea&default-theme=true

RNS Number : 7958E  Polar Capital Holdings PLC  14 April 2025

14 April 2025

Polar Capital Holdings plc

AuM Update

 

 

Polar Capital Holdings plc ("Polar Capital" or the "Group"), the specialist
active asset management group, today provides its regular quarterly update of
its unaudited statement of Assets under Management ("AuM") for the financial
year to 31 March 2025.

 

Group AuM (unaudited)

 

Polar Capital reports that as at 31 March 2025 its AuM was £21.4bn compared
to £21.9bn at the end of March 2024, a decrease of 2% over the year. During
the financial year, we saw net inflows of £0.5bn into the open-ended fund
range offset by outflows from segregated mandates and Investment Trust share
buy-backs totalling £0.4bn. Including fund closures, net flows were flat and
AuM was reduced by £0.5bn arising from market movement and fund
performance.

 

 AuM movement in twelve months to 31 March 2025
                             Open ended  Investment  Segregated mandates  Total

                             Funds       Trusts      (£m)                 (£m)

                             (£m)        (£m)
 AuM at 1 April 2024         15,988      5,088       816                  21,892
 Net flows                   495         (164)       (208)                123
 Fund closures(1)            (111)       -           -                    (111)
 Market movement             (378)       (78)        (39)                 (495)

 and performance
 Total AuM at 31 March 2025  15,994      4,846       569                  21,409

(1) Return of funds to investors on closure of the Forager Fund in October
2024 and Financial Opportunities Fund in March 2025.

 

Gavin Rochussen, Chief Executive, commented:

 

"Given significant industry wide net outflows from active equity managers over
the period, it is notable that Polar Capital achieved net inflows into its
open-ended fund range of £495m (excluding fund closures) and net inflows
across all investment offerings of £123m in the year to 31 March 2025.

 

"The start of calendar year 2025 has been difficult for global equity markets
with increased volatility and uncertainty introduced by the possibility of a
tariff induced global trade war. With investors selling out of risk assets, it
is no surprise that during the quarter total AuM decreased by £2.4bn from
£23.8bn at the end of December 2024 to £21.4bn at end of March 2025, a 10%
decrease, of which net outflows were £0.1bn and market movements and
performance made up the remainder.

 

"Over the course of the financial year, a combination of net outflows and fund
closures was offset by market and fund performance resulting in our AuM
decreasing by 2% to £21.4bn from £21.9bn at the end of March 2024.

 

"During the quarter, we had net inflows of £398m from a range of funds
including the Global Absolute Return, International Small Company, Emerging
Market Stars, Healthcare Blue chip, Biotechnology, and Artificial Intelligence
Funds.

 

"During the quarter, the open-ended Technology Fund saw net outflows of £200m
compared to £123m of net outflows in the previous quarter.

 

"The International Small Company Fund, our third US-domiciled mutual fund,
which was launched at the end of September 2024, and during a volatile six
months for listed equities, has now reached US$90m in assets, and is closing
in on the important first milestone of US$100m. As global equity markets
broaden out, we believe there will be increasing demand by US investors for
international equities which bodes well for the franchise.

 

"While volatile equity markets may impact AuM levels and profitability in the
near term, we remain confident that with our diverse range of specialist
active fund strategies, we are well-positioned to perform for our clients and
shareholders over the long term."

 

Polar Capital plans to announce its results for the financial year to 31 March
2025 on 30 June 2025.

 

 

For further information please contact:

 

 Polar Capital                                      +44 (0)20 7227 2700

 Gavin Rochussen (Chief Executive)

 Samir Ayub (Chief Financial Officer)

 Numis Securities Limited - Nomad and Joint Broker  +44 (0)20 7260 1000

 Giles Rolls

 Charles Farquhar

 Peel Hunt LLP - Joint Broker                       +44 (0)20 3597 8680

 Andrew Buchanan

 Oliver Jackson

 Camarco - PR                                       +44 (0)20 3757 4980

 Ed Gascoigne-Pees

 Jennifer Renwick

 Phoebe Pugh

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDEASLDFFXSEFA