Polar Capital Holdings PLC AuM Update (8478F)
July 13 2023 - 2:00AM
UK Regulatory
TIDMPOLR
RNS Number : 8478F
Polar Capital Holdings PLC
13 July 2023
13 July 2023 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 2023 its AuM was
GBP19.7bn compared to GBP19.2bn at the end of March 2023, an
increase of 3% over the quarter. In the quarter, AuM decreased by
net outflows of GBP0.2bn, fund closure of GBP7m and a GBP0.7bn
increase related to market movement and fund performance.
AuM movement in three months to 30 June 2023
Open ended Investment Segregated Total
funds Trusts mandates
----------- ----------- ----------- -----------
AuM at 1 April 2023 GBP14,281m GBP3,910m GBP1,029m GBP19,220m
----------- ----------- ----------- -----------
Net outflows GBP(132)m GBP(39)m GBP(30)m GBP(201)m
----------- ----------- ----------- -----------
Fund closures (1) GBP(7)m - - GBP(7)m
----------- ----------- ----------- -----------
Market movement GBP377m GBP317m GBP6m GBP700m
and performance
----------- ----------- ----------- -----------
Total AuM at 30 June GBP14,519m GBP4,188m GBP1,005m GBP19,712m
2023
----------- ----------- ----------- -----------
(1) Return of funds to investors on closure of the Melchior
European Absolute Return fund.
Gavin Rochussen, Chief Executive, commented:
"There has been continued demand and inflows into the
Sustainable Emerging Market Stars, European ex-UK Income,
Healthcare Blue Chip, Biotechnology and Smart Energy Funds with
combined net inflows of GBP313m across these funds in the
quarter.
"Total AuM in the quarter increased by GBP0.5bn from GBP19.2bn
to GBP19.7bn, a 3% increase.
"Net outflows in the quarter of GBP201m compares to net outflows
of GBP410m in the previous quarter.
"During the quarter, the rate of net outflows from open-ended
Technology funds continued to decline, with GBP103m of net outflows
compared to GBP199m in the previous quarter.
"With significant fund capacity and improving relative fund
performance, 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)
Samir Ayub (Finance Director) +44 (0)20 7227 2700
Numis Securities Limited - Nomad
and Joint Broker
Giles Rolls
Charles Farquhar
Stephen Westgate +44 (0)20 7260 1000
Peel Hunt LLP - Joint Broker
Andrew Buchanan
John Welch
Sam Milford +44 (0) 20 3597 8680
Camarco
Ed Gascoigne-Pees
Jennifer Renwick
Phoebe Pugh +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
UPDEAKXAFAADEFA
(END) Dow Jones Newswires
July 13, 2023 02:00 ET (06:00 GMT)
Polar Capital (LSE:POLR)
Historical Stock Chart
From Apr 2024 to May 2024
Polar Capital (LSE:POLR)
Historical Stock Chart
From May 2023 to May 2024
