StockMarketWire.com - Asset management group Polar Capital Holdings said it saw a 6% increase in its Assets under Management in the period from end-March 2019 to 30 June 2019.

Its assets under management (AuM) increased to £14.7bn from £13.8bn a quarter earlier.

In the quarter, AuM increased by £877m, of which £150m were net inflows and £727m related to market movement and fund performance.

"Given the challenging, volatile and uncertain short-term economic and political conditions it is pleasing to report a quarter of £150m of net inflows after the challenging final six months of our last financial year where the Group suffered from net outflows to dampen the net in-flows of the first six months to September 2018," said Gavin Rochussen, Chief Executive.

"We remain confident that our active fundamental fund strategies will continue to deliver above average returns for our clients," he added.






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