Polar Capital Holdings PLC AUM Update (3750C)
April 13 2017 - 2:00AM
UK Regulatory
TIDMPOLR
RNS Number : 3750C
Polar Capital Holdings PLC
13 April 2017
13 April 2017
Polar Capital Holdings plc
AUM Update
Polar Capital Holdings plc ("Polar Capital" or the "Group"), the
boutique investment management group, today provides its regular
quarterly update of its unaudited statement of its Assets under
Management ("AUM").
Group AUM (unaudited)
Polar Capital reports that as at 31 March 2017 its AUM were
GBP9.3bn compared to GBP7.3bn at the end of March 2016.
AUM movement USD GBP
in
twelve months
to
31 March
2017
------------------- ---------------------------------- ------------------------------------
Long Alternative Total Long Alternative Total
only funds only funds
funds funds
------------------- --------- ------------ --------- ---------- ------------ ----------
AUM at
31 March
2016 $9,378m $1,054m $10,432m GBP6,531m GBP734m GBP7,265m
------------------- --------- ------------ --------- ---------- ------------ ----------
Net subscriptions
/ (redemptions) $(377)m $(19)m $(396)m GBP(215)m GBP(15)m GBP(230)m
------------------- --------- ------------ --------- ---------- ------------ ----------
Market movement
and performance $1,600m $2m $1,602m GBP2,131m GBP107m GBP2,238m
------------------- --------- ------------ --------- ---------- ------------ ----------
Total AUM
at
31 March
2017 $10,601m $1,037m $11,638m GBP8,447m GBP826m GBP9,273m
------------------- --------- ------------ --------- ---------- ------------ ----------
Comment
It is encouraging to report a second consecutive quarter of net
inflows. The GBP300m+ of net inflows in the final quarter of 2016
have been followed by 2017's first quarter delivering in excess of
GBP200m of net inflows.
As 2017 commences it is also reassuring to note the positive
performance of the Group's portfolio of funds as demonstrated by
the table below that summarises the performance of the Group's
Lipper rated UCITS funds as at 31 March 2017. The table shows that
twelve out of eighteen funds are top quartile since launch and more
recently, eleven are top quartile over one year. From this position
of strength we feel that we are well positioned to benefit from the
breadth and quality of our investment product and we look into the
medium term with confidence.
Against this backdrop we commence our new financial year with
our business more balanced than in recent years and are hopeful
that the year ahead will deliver net inflows notwithstanding a
significant correction in global equity markets.
1 year 3 years 5 years Since
inception
--------------- --------- -------- -------- -----------
1(st) quartile 11 funds 7 funds 7 funds 12 funds
--------------- --------- -------- -------- -----------
2(nd) quartile 4 funds 5 funds 2 funds 6 funds
--------------- --------- -------- -------- -----------
3(rd) quartile 3 funds 2 funds 1 fund 0 funds
--------------- --------- -------- -------- -----------
4(th) quartile 0 funds 0 funds 1 fund 0 funds
--------------- --------- -------- -------- -----------
For further information please contact:
Polar Capital
Tim Woolley (CEO) +44 (0)20 7227
John Mansell (COO) 2700
Canaccord Genuity - Nomad
and Joint Broker
Simon Bridges (QE)
Andrew Buchanan +44 (0)20 7523
Kit Stephenson 8000
Peel Hunt - Joint Broker +44 (0)20 7418
Guy Wiehahn 8893
Camarco +44 (0)20 3757
Ed Gascoigne-Pees 4984
This information is provided by RNS
The company news service from the London Stock Exchange
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