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Polar Capital HoldingsAnnouncement

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RNS Number : 0699A  Polar Capital Holdings PLC  13 April 2026

13 April 2026
 
                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 2026.

 

Group AuM (unaudited)

 

Polar Capital reports that as at 31 March 2026 its AuM was £30.6bn compared
to £28.4bn at the end of December 2025, an increase of 8% over the quarter.
In the quarter, AuM increased by net inflows of £1.4bn, fund performance and
market movements of £0.8bn, offset by fund closures of £13m.

 

 AuM movement in three months to 31 March 2026
                             Open ended  Investment  Segregated mandates  Total

                             Funds       Trusts      (£m)                 (£m)

                             (£m)        (£m)
 AuM at 1 January 2026       21,366      6,482       539                  28,387

 Net flows                    1,386       (5)        62                   1,443
 Fund closures(1)            (13)        -           -                    (13)
 Market movement             685         128         3                    816

 and performance
 Total AuM at 31 March 2026  23,424      6,605       604                  30,633

 

 

 

 AuM movement in twelve months to 31 March 2026
                             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                    1,233       (237)       (94)                 902
 Corporate actions(2)        -            (396)      -                    (396)
 Fund closures(1)             (75)       -           -                     (75)
 Market movement              6,272       2,392       129                  8,793

 and performance
 Total AuM at 31 March 2026  23,424      6,605       604                  30,633

(1) Return of funds to investors upon the closure of the Polar Capital
Emerging Market ex-China Stars Fund in February 2026, Polar Capital China
Stars Fund in January 2026 and the Polar Capital Melchior European
Opportunities Fund in November 2025.

(2) 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 and in November 2025 when Polar Capital Global Healthcare
Trust underwent a 100% tender offer following which 22% of issued capital was
tendered.

 

 

Iain Evans, Chief Executive, commented:

"We have delivered a strong finish to the financial year, despite a backdrop
of heightened geopolitical uncertainty and ongoing market volatility. Over the
quarter, assets under management (AuM) increased by 8% to £30.6bn, up from
£28.4bn at the end of December, supported by net inflows of £1.4bn.

 

"For the full financial year, AuM increased by 43% to £30.6bn, from £21.4bn
at the end of March 2025, reflecting a combination of net inflows, fund
performance and market movements. We delivered a second consecutive year of
positive net inflows, totalling £902m (excluding corporate actions and fund
closures), demonstrating the strength of our specialist investment
capabilities.

 

"Flows during the quarter were broad-based, with several of our investment
teams generating net inflows, led by Technology, Healthcare and Smart Energy.
Net flows into our Global Technology (£722m) and Artificial Intelligence
(£575m) funds remained particularly strong, driven by continued client
interest in structural growth opportunities and supported by both increased
allocations from existing clients and new client wins, notably across wealth
and private bank channels in Europe and Asia.

 

"Our Healthcare strategies also contributed positively, including the launch
of a new separately managed account in partnership with a Swiss wealth
manager. In addition, Emerging Market Stars, Japan Value and Global Absolute
Return funds each delivered net inflows, further highlighting the breadth of
our platform.

 

"Net outflows were largely concentrated in North American (£97m), Global
Insurance (£85m) and Asian Stars (£55m) funds, reflecting a small number of
client-specific redemptions rather than any broader shift in demand or
sentiment.

 

Outlook

"We have entered 2026 with positive net inflow momentum, although we remain
mindful of the structural challenges facing the industry. Inflows were
strongest in January and February, before moderating in March following the
escalation of conflict in the Middle East. Encouragingly, positive momentum
has continued into April to date.

"The geopolitical backdrop has become more uncertain, contributing to
heightened market sensitivity, particularly in energy markets. Despite this,
we remain confident in our positioning as a specialist boutique. As markets
broaden and the pace of technological disruption, including AI, accelerates,
the case for specialist active management is becoming increasingly compelling.
Our focus on differentiated capabilities, deep expertise and disciplined
execution positions us well to navigate the uncertainty and capture
opportunities ahead for our clients and shareholders."

 

Polar Capital plans to announce its results for the financial year ended 31
March 2026 on 1 July 2026.

 

 

For further information please contact:

 

 Polar Capital                               +44 (0)20 7227 2700

 Iain Evans (Chief Executive)

 Samir Ayub (Chief Financial Officer)

                                             +44 (0)20 7260 1000

 Deutsche Numis - - Nomad and Joint Broker

 Charles Farquhar

 Duncan Monteith

 Rajesh Iyer

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

 Andrew Buchanan

 Thomas Philpott

 Camarco - PR                                +44 (0)20 3757 4980

 Ed Gascoigne-Pees

 Jennifer Renwick

 Phoebe Pugh

 

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