AuM Update

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

 

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 or visit 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.
 
END
 
 
UPDEASXXESEFEFA
UK 100

Latest directors dealings