/PRNewswire/ – FocusPoint International (FocusPoint), the critical event management company that specializes in Emergency Response as a Service (ERaaS),.
Polar Capital bounces back from Covid lows as assets surge to £21bn
Aim-listed fund house has doubled the size of its business over three and half years
Polar Capital has bounced back from its Covid lows with assets surging to a record £20.9bn in the last 12 months.
In an update ahead of its final results the Aim-listed manager said assets under management had jumped 10% over the quarter to 31 March and 71% from £12.2bn a year ago after the Covid crisis wiped £2bn from its total.
It has now doubled the size of its business over three and half years which chief executive Gavin Rochussen (pictured) said was “testament to our strategic focus of offering a diversified range of funds whilst maintaining a rigorous focus on performance and active management”.
India has been left somewhat unscathed when it comes to foreign portfolio investor (FPI) flows in the aftermath of the spike in US bond yields. Between February 15 and March 10, India s FPI flows stood at $874 million, and its emerging market peers saw outflows. FPIs were net sellers to the tune of Rs 942 crore on Friday, according to provisional data from exchanges. Analysts cited global indices rejig as one of the reasons for continuing inflows to India. Last month MSCI announced rebalancing, and inflows of over $250 million were expected because of this rejig. The FTSE Global Equity Index Series introduced changes to its indices last month and these will become effective March 19.