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POLR Polar Capital Holdings Plc

530.00
-14.00 (-2.57%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Polar Capital Investors - POLR

Polar Capital Investors - POLR

Share Name Share Symbol Market Stock Type
Polar Capital Holdings Plc POLR London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-14.00 -2.57% 530.00 16:29:55
Open Price Low Price High Price Close Price Previous Close
543.00 529.00 543.00 530.00 544.00
more quote information »
Industry Sector
GENERAL FINANCIAL

Top Investor Posts

Top Posts
Posted at 04/4/2024 17:31 by 1viky
Does anyone know if there is withholding tax on dividends for this stock for foreign investors. Most companies on LSE have no withholding tax. I assume this stock also has no WH tax. Can anyone confirm. Thanks
Posted at 02/4/2024 19:13 by tag57
DTH - I doubt US based investors reported probably aren’t going to be investing in Polar funds, unfortunately.
We can live in hope though.
Posted at 22/2/2024 19:23 by dickiehhh
All the Polar trusts have been doing very well of late - PCGH, PCFT, PCT - I'd be very surprised if Polar funds generally aren't attracting new investors
Posted at 23/1/2024 07:47 by masurenguy
AuM Update

Polar Capital Holdings provides its regular quarterly update of its unaudited statement of its Assets under Management ("AUM") and performance fees earned for the financial year to 31 March 2024.

Group AUM (unaudited)
Polar Capital reports that as at 31 December 2023, AuM were GBP19.6bn compared to GBP19.2bn at the end of March 2023, an increase of 2% over the period. During the nine-month period the GBP400m increase in AuM resulted from a GBP2.1bn increase relating to market movement and fund performance offset by net redemptions of GBP1.7bn.

Gavin Rochussen, CEO, commented: "A strong rally in all major indices in the final calendar quarter of 2023, meant that our AuM at the end of the nine-month period were £19.6bn compared to £19.1bn at the end of the previous quarter and £19.2bn at the end of March 2023, despite net outflows over the period. With peak interest rates in sight and declining inflation rates, investors will, we believe, begin to seek additional exposure to equities. We have a strong pipeline of client interest and have capacity to meet investor demand for our specialist active fund strategies. At the end of the quarter, we launched a Financial Credit Fund, managed by our Financials team, to further add to our offering. Long term performance remains strong with 81% of AuM outperforming respective benchmarks since inception. We remain confident that with our diverse range of differentiated, active specialist fund strategies we are well-positioned to perform for our clients and shareholders over the long term."
Posted at 10/1/2024 20:33 by pj84
Interesting to see two major investors with notifiable holdings that previously weren't notifiable, not sure what percentage added most recently, but one now with a holding just over 5% and the other with just under 7%.
Posted at 20/12/2023 10:31 by zho
Re MNG, I made this post a week or so ago:

MNG - toying with a 12 month high. I thought Investors Chronicle made a reasonable case for buying yesterday, given a 10% dividend yield and what appears to be the rapidly improving performance of their funds, with 70% in the top 2 quartiles for H1 2023, compared to just 20% in FY 2020.
Posted at 20/11/2023 09:55 by davidosh
Polar Capital will be one of the companies presenting at MelloLondon at the end of this month and they have a stand and will do three presentations on Thursday the 30th November.

The event will take place at the Clayton Conference Centre, Chiswick on Wednesday 29th and Thursday 30th November, where you can expect over 500 investors, 40 Aim listed companies and 10 or so Trusts and Funds.

Tickets are still available and if you would like one at half price then enter the code MMTADVFN50.

For more information, visit
Posted at 20/11/2023 07:12 by masurenguy
Unaudited interim results for six months ended 30 September 2023

"Strong pipeline of interest in our diversified thematic strategies, improving fund performance and balance sheet strength support a maintained first interim dividend" Gavin Rochussen, CEO

Highlights

-- Assets under Management ("AuM") at 30 September 2023 GBP19.1bn (31 March 2023: GBP19.2bn) and at 10 November 2023 GBP18.9bn.

-- Net outflows of GBP581m, a material decrease of GBP264m vs the prior comparable period, aided by inflows into a number of funds.

-- Core operating profit GBP22.5m (30 September 2022: GBP25.8m)
-- Profit before tax GBP21.1m (30 September 2022: GBP23.0m)
-- Basic earnings per share 16.2p (30 September 2022: 17.7p) and adjusted diluted total earnings per share 17.2p (30 September 2022: 19.0p)

-- Interim dividend per ordinary share of 14.0p (January 2023: 14.0p) declared to be paid in January 2024. The dividend payment date is 12 January 2024, with an ex-dividend date of 14 December 2023 and a record date of 15 December 2023.

Gavin Rochussen, Chief Executive Officer, commented: "The past six months have been a challenging period for equity markets driven by a volatile macro environment. Like many of our peers, Polar Capital has not been immune from these challenges, but net outflows as a percentage of opening AuM have been relatively modest, and in fact, have materially slowed vs the prior comparable period. This was helped by net inflows into a number of funds, namely our Polar Capital Emerging Market Stars Fund, Polar Capital European ex-UK income Fund, Polar Capital Japan Value Fund and Polar Capital Smart Energy Fund. Long-term performance remains positive across the UCITs fund range with all funds bar one in the 1(st) or 2(nd) quartile of their Lipper peer group since inception. More recently, 77% of Polar Capital's total AuM is in the top two quartiles of the Lipper peer group calendar year-to-date. As a result, and helped by a strong year for technology stocks, assets under management ended the reporting period at GBP19.1bn, representing a modest decrease from the year end.

As an investment led, specialist boutique, the quality of our product range remains central to our efforts to grow the business and a number of our funds have seen renewed interest of late. For example, the well documented breakthrough in artificial intelligence has seen an increased interest in the Polar Capital Artificial Intelligence Fund. It had its six-year anniversary in October 2023 and is 3(rd) percentile against Lipper peers over one year, 5(th) percentile over five years and 4(th) percentile since inception. Similarly, the Polar Capital Global Insurance Fund has seen renewed interest given its defensive characteristics. It recently passed its 25-year anniversary and since launch it has delivered strong and consistent annualised returns to investors of circa 10% pa (Source: Polar Capital, 30 September 2023. R GBP Acc share class with reinvestment of dividends and capital gain distributions, in Pounds Sterling).

In the six months, the largest beneficiary of net inflows was our Emerging Market Stars fund range, which garnered a combined total of GBP244m of net inflows, despite the tough backdrop and muted investor demand for the asset class. The Emerging Markets and Asia Stars team now collectively manage GBP1.5bn and there has been continued progress in the US with US domiciled fund vehicles surpassing GBP125m. The Smart funds managed by the Sustainable Thematic team have now reached AuM of GBP280m. The Nordic region has continued to grow through additional flows into the Polar Capital Emerging Market Stars Fund and there is emerging interest in the Polar Capital Smart Energy and Smart Mobility funds.

Pleasingly, Polar Capital won the 2023 European Asset Management Firm of the Year ( EUR20bn-EUR100bn) award at the Funds Europe 2023 awards, which is testament to the quality of our offering. We continue to invest in our digital marketing reach and have intensified our client contact interactions to utilise our significant remaining fund capacity. This, given our differentiated range of sector, thematic and regional fund strategies, gives us confidence that we will perform for our clients and shareholders over the long term."
Posted at 12/10/2023 07:13 by masurenguy
AUM flat over the past 6 months

AuM Update

Polar Capital provides a quarterly update of unaudited statement of Assets under Management ("AuM").

Polar Capital reports that as at 30 Sept 2023 its AuM were £19.1bn compared to £19.2bn at the end of March 2023. During the six-month period, AuM decreased by net redemptions of £0.6bn, outflows from fund closures of £50m offset by a £0.5bn increase related to market movement and fund performance.

AuM movement in six months to 30 September 2023

AuM at 1 April 2023: £19,220m
AuM at 30 Sept 2023: £19,135m

Gavin Rochussen, Chief Executive, commented: "There has been continued demand and inflows into the Artificial Intelligence, Japan Value, Emerging Market Stars, Asia Stars and Smart Energy Funds, with combined net inflows of GBP225m across these funds in the quarter. A combination of the continued challenging environment for equity markets, net outflows, fund closures and fund performance meant that our AuM at the end of the six-month period were GBP19.1bn compared to GBP19.7bn at the end of the previous quarter and GBP19.2bn at the end of March 2023. Total net outflows for the quarter were GBP423m. During the quarter, the rate of outflows from the open-ended Technology funds continued to decline, with GBP74m of net outflows compared to GBP103m in the previous quarter and GBP199m in the first quarter of this calendar year. Despite the challenging back drop, we are pleased with the continuing progress in diversifying the business. The Smart funds managed by the Sustainable Thematic team have now collectively reached AuM of GBP280m. The Emerging Market and Asia Stars team now collectively manages GBP1.5bn of AuM and continues its progress in the US with US domiciled vehicles now surpassing GBP125m.

"Later this month the Global Insurance Fund celebrates its 25-year anniversary. Since launch it has delivered strong and consistent annualised returns to shareholders of circa 10% pa, by investing for the long-term in a concentrated portfolio of best-in-class non-life insurers. Insurance sector performance is typically counter-cyclical, offering investors genuine diversification with unique drivers and we look forward to continuing to generate steady returns for our investors for many years to come. We remain confident that with our diverse range of differentiated, active specialist fund strategies we are well-positioned to perform for our clients and shareholders over the long term."
Posted at 17/5/2023 12:53 by melloteam
Just to let shareholders and prospective investors know that Polar Capital will be presenting & exhibiting on the 23rd of May next week at Mello2023.

We have created a two day physical investor conference (23rd & 24th May) at the Clayton Hotel and Conference Centre in Chiswick that will include 15 top quality keynote speakers, 12 educational workshops and panel sessions, 50 exhibiting companies plus over 80 company presentations for investors to evaluate and understand their current or future investments. For a £25 bonus add-on price delegates at Mello2023 are also invited to make it a three day visit and join us for the Mello2023 Virtual event the day after, Thursday 25th May.

Tickets are still available and if you would like one at half price then enter the code MMTADVFN50.

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