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 globall ....
18 Nov 2021
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Polar Capital Global Financials Trust Plc GBP (PCFT:LON) | 165 -1 (-0.4%) | Mkt Cap: 502.9m
- Published:
18 Nov 2021 -
Author:
James Carthew | Matthew Read | Jayna Rana - Pages:
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 globall ....