- Fund outflows continue for second year
- Dividend payout remains intact
Polar Capital (POLR) had flagged much of the bad news over its fund outflows in its April trading update, which is why the market’s reaction to an average 14 per cent decline in assets under management (AUM) was reflective, rather than hysterical. In fact, investors seemed to take some comfort from the news that parts of the fund manager’s investment performance had improved.