TIDMPOLR

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 GBP22.8bn compared to GBP20.9bn at the end of March 2021, an increase of 9% over the quarter. In the quarter, AuM increased by net inflows of GBP0.5bn and GBP1.4bn related to market movement and fund performance.

 
               AuM movement in three months to 30 June 2021 
                        Open ended   Investment   Segregated     Total 
                           funds       Trusts      mandates 
                       -----------  -----------  -----------  ----------- 
 AuM at 1 April 2021    GBP16,579m   GBP3,867m     GBP417m     GBP20,863m 
                       -----------  -----------  -----------  ----------- 
 Net subscriptions        GBP24m      GBP138m      GBP371m      GBP533m 
                       -----------  -----------  -----------  ----------- 
 Market movement        GBP1,010m     GBP371m       GBP45m     GBP1,426m 
  and performance 
                       -----------  -----------  -----------  ----------- 
 Total AuM at 30 June   GBP17,613m   GBP4,376m     GBP833m     GBP22,822m 
  2021 
                       -----------  -----------  -----------  -----------

Gavin Rochussen, Chief Executive, commented:

"It is pleasing to report GBP533m 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 GBP1.9bn in the quarter from GBP20.9bn to GBP22.8bn, 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

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END

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July 08, 2021 02:00 ET (06:00 GMT)

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