Report
James Carthew ...
  • Matthew Read

More to go for

Polar Capital Global Financials Trust (PCFT) has been having a great run of performance and we are delighted to see it re-expanding, with over 148m shares issued since 31 October 2020.
The bounce in the financials sector began with last year’s good news on vaccines. Restrictions on dividends and share buy backs are being lifted and, as defaults on loans have remained low, banks’ balance sheets are looking overcapitalised. There is also a growing expectation of higher margins for banks as interest rates/long-dated bond yields rise in response to inflation.
PCFT is capturing the benefit of the sector’s good fortune. Its globally-diversified portfolio offers exposure to much better-quality financial stocks than are commonly available to UK domestic investors. Its managers are convinced that there is more to go for.

Underlyings
Civitas Social Housing Plc

Civitas Social Housing is a real estate investment trust investing into existing portfolios of built social homes in England and Wales. Investment Manager: Langham Hall UK Services LLP Investment Adviser: Civitas Housing Advisors Limited

Polar Capital Global Financials Trust

Polar Capital Global Financials Trust is an investment trust company. Co. invests primarily in a portfolio consisting of listed or quoted securities issued by companies in the financial sector operating in the banking, insurance, property and other sub-sectors. Co. has contracted Polar Capital LLP to act as the Alternative Investment Fund Manager.

Provider
QuotedData Retail
QuotedData Retail

​QuotedData you with provides access to research on Investment Companies, Investment Trusts and Mining companies. Our aim is to provide you all the information you might need to make your own investment decisions. We cannot offer you advice on your investments. 

Analysts
James Carthew

Matthew Read

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