Polar Capital enjoys a surge in AUM

News Team, 15/04/2021

Listed asset manager Polar Capital today updated the market on its assets under management, revealing that on a year-on-year basis the firm had seen its AUM balloon by 71 percent to £20.9 billion.

The statement added that during the period, AUM increased by £8.7 billion which comprised net subscriptions of £2.1 billion, inflows from reported acquisitions of £1.7 billion, offset by outflows from a previously reported fund closure of £0.3 billion and an increase of £5.2 billion related to market movement and fund performance.

Chief executive Gavin Rochussen said in a statement: “We are pleased to report a good finish to the financial year in terms of flow momentum with net inflows into 14 of our funds amounting to £643 million in the quarter ended 31 March. The fact we have also increased our AUM to over £20bn, doubling the size of our business over three and a half years, is testament to our strategic focus of offering a diversified range of funds whilst maintaining a rigorous focus on performance and active management.

“It is also pleasing that the pipeline for flows into our Emerging Markets Stars range of funds, which have sustainability at the core of their processes, continues to remain strong as the funds approach their three-year track records at Polar Capital.

“Fund performance across our fund range in the current calendar year is resilient with 57% of our funds outperforming benchmark calendar year to date.

“On a three-year annualised basis, 78% of AuM has performed ahead of benchmark at the end of March.

“70% of AuM in our UCITS fund range is ranked in the first quartile against peers in the Lipper universe over three years.

“The integration of the Dalton business onto the Polar Capital platform continues according to schedule and is anticipated to be completed by our financial half-year end.

“We remain confident that with our diverse range of funds and focus on performance in our actively managed complementary funds we are positioned to continue to perform well for our clients and will continue to generate net inflows. The net inflow momentum of the last quarter has continued into the first two weeks of April.”

Polar Capital aims to announce its results for the financial year to 31 March 2021 on 1 July 2021.

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