reports
- James Carthew
- Jayna Rana
- Matthew Read
Polar Capital Global Financials Trust - Riding out the storm
Polar Capital Global Financials Trust (PCFT) has been a beneficiary of renewed interest in the financials sector, as economies reopen and interest rates begin to edge up (higher rates should feed into higher margins for banks). Incredibly, the sector is yet to make up the ground it lost relative to the wider market in early 2020, as COVID-19 hit.
- James Carthew
- Matthew Read
Polar Capital Global Financials Trust - Riding out the storm
Polar Capital Global Financials Trust (PCFT) has been a beneficiary of renewed interest in the financials sector, as economies reopen from the effects of lockdowns and interest rates begin to edge up (as we explain in this note, higher rates should feed into higher margins for banks). Incredibly, the sector is yet to make up the ground it lost relative to the wider market in early 2020, as COVID-19 hit – see Figure 2 on page 5.
- James Carthew
- Matthew Read
More to go for
Polar Capital Global Financials Trust (PCFT) has been having a great run and we are delighted to see it re-expanding. The bounce in the financials sector began with last year’s good news on vaccines. Restrictions on distributions are being lifted and, as defaults have remained low, banks are looking overcapitalised. There is also a growing expectation of higher margins as rates/long bond yields rise in response to inflation.PCFT is capturing the benefit of the sector’s good fortune. Its globally...
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