Source - Alliance News

Polar Capital Holdings PLC on Thursday said net inflows over its first-quarter recent quarter were strong.

Over the three months that ended June 30, the first-quarter of its financial year, the London-based investment management company’s assets under management increased by 7.4% to £23.51 billion from £21.89 billion the previous quarter.

Growth was the result of £644 million of net inflows and £978 million of fund performance and market movement. These inflows were particularly focused on funds managed by the company’s Emerging Markets and Asian Stars team.

Chief Executive Gavin Rochussen said: ‘While the pipeline of investor interest for our fund range remains strong, and it has been pleasing to have two consecutive quarters of net inflows, many investors are still grappling with multiple geopolitical and market risks, and therefore the potential for further redemptions remains.’

Polar Capital shares were up 1.7% to 591.70 pence each in London on Thursday afternoon.

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