Polar Capital boosted by net inflows and strong market gains as AUM climbs

Buoyed by EM and Asian Stars funds

Valeria Martinez
clock • 2 min read

Polar Capital has posted an uptick in assets under management in the past quarter, driven by strong performance gains and net inflows into several of its strategies.

According to a trading update for the quarter to 30 June published today (11 July), the firm's AUM climbed 7% to £21.9bn, driven by net inflows of £644m and £978m of fund performance and market movements.  AUM in open-ended funds climbed 8% over the quarter to £17.3bn, thanks to both better net new business of £719m and investment returns of £585m.  Market movements and fund performance boost Polar Capital AUM by 14% Investment trusts were up 6% quarter-on-quarter to £5.4bn as performance worth £381m offset net outflows of £78m. Segregated mandates were up 1% to £816m over the peri...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

Customer influx leads to record £6.3bn AUM for AJ Bell

Customer influx leads to record £6.3bn AUM for AJ Bell

Amid calls for a simplified ISA

clock 18 July 2024 • 1 min read
Brooks Macdonald outflows slow to £200m amid strong platform MPS growth

Brooks Macdonald outflows slow to £200m amid strong platform MPS growth

Outflows offset by investment performance

Valeria Martinez
clock 17 July 2024 • 2 min read
Defaqto eyes further acquisitions after RSMR buyout

Defaqto eyes further acquisitions after RSMR buyout

Defaqto chief executive John Milliken

Sahar Nazir
clock 17 July 2024 • 2 min read
Trustpilot