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 has been 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.
Group unaudited interim results for the six months ended 30 September 2023
Watch Gavin Rochussen, Chief Executive Officer, and Samir Ayub, Group Finance Director, present Polar Capital Holding’s interim results for the six months ended 30 September 2023.
In the presentation they highlight fund performance and flows, provide a financial review of Polar Capital Holdings and give a strategy update.
† The non-GAAP alternative performance measures shown here are described and reconciled to IFRS measures in the Alternative Performance Measures (APM) section of the RNS.