REG - Polar Capital Hldgs - AuM Update

Polar Capital HoldingsAnnouncement

10/07/2025 07:00

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RNS Number : 4229Q  Polar Capital Holdings PLC  10 July 2025

10 July 2025
                                Polar Capital
Holdings plc

AuM Update

 

Polar Capital Holdings plc ("Polar Capital" or the "Group"), the specialist
active asset manager, provides below a quarterly, unaudited summary of its
Assets under Management ("AuM").

 

Group AuM (unaudited)

 

Polar Capital reports that as at 30 June 2025 its AuM was £23.2bn compared to
£21.4bn at the end of March 2025, an increase of 8% over the quarter. In the
quarter, AuM increased by fund performance and market movements of £2.7bn,
offset by net outflows of £0.6bn and a £0.3bn return of capital following a
recent investment trust corporate action.

 

 AuM movement in three months to 30 June 2025
                            Open ended  Investment  Segregated mandates  Total

                            funds       Trusts      (£m)                 (£m)

                            (£m)        (£m)
 AuM at 1 April 2025        15,994      4,846       569                  21,409
 Net flows                  (436)       (43)        (153)                (632)
 Corporate action(1)        -           (280)       -                    (280)
 Market movement            1,701       934         32                   2,667

 and fund performance
 Total AuM at 30 June 2025  17,259      5,457       448                  23,164

( )

(1) Return of capital to investors in June 2025 as the Polar Capital Global
Financials Trust underwent a 100% tender offer following which 44% of issued
capital was tendered.

 

Gavin Rochussen, Chief Executive, commented:

 

"Total AuM in the quarter increased by £1.8bn from £21.4bn to £23.2bn, an
8% increase.

 

"There has been continued demand for a broad range of our funds during the
quarter. Those in net inflow include the Artificial Intelligence, Asian Stars,
Financial Credit, Global Insurance, North American, Japan Value, European
Income, Global Absolute Return and International Small Company funds, with
combined net inflows of £124m across these funds in the quarter.

 

"The increase in AuM over the quarter of £1.8bn was the result of fund
performance and market movements of £2.7bn, £0.6bn of net outflows and, a
one-off, £0.3bn returned to investors in the Polar Capital Global Financials
Trust through the recent tender offer.

 

"The tender offer by the Polar Capital Global Financials Trust concluded
successfully, with the Trust commencing its next five-year fixed life term
with a net asset value of £360m. Over the five years since the previous
continuation event, the Trust's net asset value grew significantly from around
£100m to £640m.

 

"During the quarter, the open-ended Technology fund saw net outflows of
£162m, an improvement on the £200m of net outflows seen in the previous
quarter. Over the calendar year to 30 June 2025, as global indices broadened
out, this actively managed fund was 8.5% ahead of its benchmark. Elsewhere,
the remaining net outflows this quarter were primarily from the closure of an
institutional mandate managed by the Healthcare team and an asset allocation
change by a single Emerging Markets Stars client. Despite near-term market
volatility, the new business pipeline for the Emerging Markets and Asia team
remains strong.

 

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

 

 

 

 

For further information please contact:

 

 Polar Capital                               +44 (0)20 7227 2700

 Gavin Rochussen (Chief Executive Officer)

Samir Ayub (Chief Financial Officer)

 Deutsche Numis - 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

 

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