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 | +5.05% | +4.89% |
| 3M | +12.91% | +11.29% |
| YTD | +9.90% | +10.38% |
| YTD | +19.85% | +18.73% |
| YTD | +90.04% | +78.68% |
| Since launch | +265.07% | +293.54% |
Top holdings · top 10: 33.30%
| # | Holding | Weight | |
|---|---|---|---|
| 1 | JPMorgan | 6.60% | |
| 2 | Visa | 4.30% | |
| 3 | Bank of America | 3.60% | |
| 4 | Royal Bank of Canada | 3.50% | |
| 5 | Mastercard | 3.40% | |
| 6 | Bank of New York Mellon Corp/T | 2.60% | |
| 7 | Banco Santander SA | 2.60% | |
| 8 | Citigroup | 2.50% | |
| 9 | Morgan Stanley | 2.10% | |
| 10 | Mizuho Financial Group | 2.10% |
Portfolio breakdown
| Banks | 50.20% | |
| Financial Services | 29.20% | |
| Insurance | 15.90% | |
| Fixed Income | 3.80% | |
| REITs | 0.90% |
| North America | 47.70% | |
| Europe | 18.20% | |
| UK | 10.80% | |
| Asia Pac (ex-Japan) | 10.40% | |
| Japan | 5.00% | |
| Fixed Income | 3.80% | |
| Latin America | 3.10% | |
| Eastern Europe | 1.00% |
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
Global equity markets were mixed in July. The MSCI All Country World Index fell over 1% in sterling terms, but there was a sharp rotation in market leadership beneath the surface. The technology sector was particularly weak as momentum reversed sharply in companies exposed to AI-related semiconductor capital investment. Tensions in the Middle East re-escalated, triggering a sharp rise in the oil price which briefly hit $100 per barrel, only to fall back towards $80 as markets eventually looked through this uncertainty. Against that background, the Financials sector performed strongly, continuing June's positive momentum. The Trust's net asset value (NAV) rose 3.0% during the month, behind 4.9% from its benchmark, the MSCI All Country World Financials Index.