Recent half-year results saw AIM asset manager Polar Capital (LSE: POLR) report strong inflows into its funds. In the six months to September 2020, Polar Capital’s assets under management (AUM) jumped 34{429fc2506e610357e12b2a5665db82631200a2e00b3a1d8839077d76f18e2e8b} from £12.2bn to £16.4bn.
Several funds outperformed their respective benchmarks; however, the AUM spike was due to the technology and healthcare strategies. In the six-month period, the Global Technology Fund saw the largest inflow of £1.2bn followed by the Healthcare Opportunities Fund and Biotechnology Fund benefitting from £120m and £198m of net inflows respectively.
The tech boom
It is no surprise why the £5.7bn Global Technology Fund, managed by Ben Rogoff and Nick Evans, has performed well during the global pandemic. As people have been forced to work from home due to Coronavirus, the need for technology has increased. The portfolio consisting of stocks such as Microsoft and Amazon has benefitted from the Covid-19 tech boom.
In June … Read more