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Polar Capital Global Financials : PCFT

Polar Capital Global Financials has a fixed life that expires in May 2020. However it has announced that it intends to seek investors’ approval to extend its life for at least a further five years. It seeks to generate a growing dividend income together with capital appreciation for investors. Polar Capital Global Financials will seek to achieve its objective by investing primarily in a global portfolio consisting of listed or quoted securities issued by companies in the financials sector operating in the banking, insurance, property and other sub-sectors.

We have written some notes that explain, in some detail, how the trust works and how the managers go about achieving the objective –

  • Banks too cheap too ignore“, published in October 2019, pointed out that banks were trading at multi-year valuation lows relative to other sectors
  • Don’t fear a slowing economy”, published in April 2019, looks at how banks have lagged in markets making it crucial for PCFT to be designed to offer an attractive and growing yield

You can access the company’s website here

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