Polar Capital Global Financials Trust plc
The Company's investment objective is to generate for investors a growing dividend income together with capital appreciation.
Cumulative performance
| Period | Trust | MSCI ACWI Financials Net Total Return Index |
|---|---|---|
| 1M | +3.25% | +0.69% |
| 3M | +13.99% | +10.80% |
| YTD | +13.47% | +11.15% |
| YTD | +25.38% | +18.37% |
| YTD | +101.52% | +84.58% |
| Since launch | +276.92% | +296.27% |
Top holdings · top 10: 35.60%
| # | Holding | Weight | |
|---|---|---|---|
| 1 | JPMorgan | 6.70% | |
| 2 | Visa | 5.70% | |
| 3 | Mastercard | 4.40% | |
| 4 | Bank of America | 3.70% | |
| 5 | Bank of New York Mellon Corp/T | 2.80% | |
| 6 | Royal Bank of Canada | 2.80% | |
| 7 | UniCredit | 2.50% | |
| 8 | Citigroup | 2.50% | |
| 9 | Mizuho Financial Group | 2.30% | |
| 10 | Intercontinental Exchange | 2.30% |
Portfolio breakdown
| Banks | 48.60% | |
| Financial Services | 34.70% | |
| Insurance | 12.00% | |
| Fixed Income | 3.70% | |
| REITs | 0.90% |
| North America | 49.70% | |
| Europe | 18.60% | |
| UK | 10.00% | |
| Asia Pac (ex-Japan) | 9.20% | |
| Japan | 5.20% | |
| Fixed Income | 3.70% | |
| Eastern Europe | 2.10% | |
| Latin America | 1.40% |
Key facts
- Stock market ticker
- PCFT
- ISIN
- GB00B9XQT119
- Benchmark
- MSCI ACWI Financials Net Total Return Index
- Currency
- GBP
- Domiciled in
- United Kingdom
- Launched
- 1 Jul 2013
- Management fee
- 0.70%
- Dividends paid
- Quarterly
What the manager said
Despite a resumption of hostilities in the Middle East, global equities were supported in August by resilient economic data and encouraging corporate earnings. Uncertainty on the path of the US-Iran conflict, higher bond yields and the upcoming statements at the Jackson Hole Economic Policy Symposium contributed to market volatility towards the end of the month. The Trust's benchmark, the MSCI All Country World Financials Net Total Return Index, rose 0.7% in August while the Trust's net asset value (NAV) rose 1.4%. The Trust's relative outperformance was supported by bank holdings in Europe, Japan and South Korea along with a strong performance by US asset managers, in particular WisdomTree Investments. This was partially offset by weakness in trading platforms, Asian life insurers and US company Globe Life following second-quarter earnings.