Polar Capital Regulatory News (POLR)

10 July 2025 Polar Capital Holdings plc

AuM Update

Polar Capital Holdings plc ("Polar Capital" or the "Group"), the specialist active asset manager, provides below a quarterly, unaudited summary of its Assets under Management ("AuM").

Group AuM (unaudited)

Polar Capital reports that as at 30 June 2025 its AuM was £23.2bn compared to £21.4bn at the end of March 2025, an increase of 8% over the quarter. In the quarter, AuM increased by fund performance and market movements of £2.7bn, offset by net outflows of £0.6bn and a £0.3bn return of capital following a recent investment trust corporate action.

1 Return of capital to investors in June 2025 as the Polar Capital Global Financials Trust underwent a 100% tender offer following which 44% of issued capital was tendered.

Gavin Rochussen, Chief Executive, commented:

"Total AuM in the quarter increased by £1.8bn from £21.4bn to £23.2bn, an 8% increase.

"There has been continued demand for a broad range of our funds during the quarter. Those in net inflow include the Artificial Intelligence, Asian Stars, Financial Credit, Global Insurance, North American, Japan Value, European Income, Global Absolute Return and International Small Company funds, with combined net inflows of £124m across these funds in the quarter.

"The increase in AuM over the quarter of £1.8bn was the result of fund performance and market movements of £2.7bn, £0.6bn of net outflows and, a one-off, £0.3bn returned to investors in the Polar Capital Global Financials Trust through the recent tender offer.

"The tender offer by the Polar Capital Global Financials Trust concluded successfully, with the Trust commencing its next five-year fixed life term with a net asset value of £360m. Over the five years since the previous continuation event, the Trust's net asset value grew significantly from around £100m to £640m.

"During the quarter, the open-ended Technology fund saw net outflows of £162m, an improvement on the £200m of net outflows seen in the previous quarter. Over the calendar year to 30 June 2025, as global indices broadened out, this actively managed fund was 8.5% ahead of its benchmark. Elsewhere, the remaining net outflows this quarter were primarily from the closure of an institutional mandate managed by the Healthcare team and an asset allocation change by a single Emerging Markets Stars client. Despite near-term market volatility, the new business pipeline for the Emerging Markets and Asia team remains strong.

"We remain confident that, with significant fund capacity and improving relative fund performance in our diverse range of specialist active fund strategies, we are well positioned to perform for our clients and shareholders over the long term."

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