There appears to have been a distinct shift in sentiment towards financials stocks and Polar Capital Global Financials Trust (PCFT) since Spring 2022. The managers suggest that, as recessionary fears grew, initial enthusiasm about the positive effects of rising interest rates on banks’ profit margins gave way to concern about the prospect of higher loan defaults. However, these have not materialised, and PCFT’s managers think it is likely that they will not.
They feel that the sector’s sell-off ....
01 Dec 2022
Polar Capital Global Financials Trust - Don't fear the dog that is yet to bark
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Polar Capital Global Financials Trust - Don't fear the dog that is yet to bark
Polar Capital Global Financials Trust Plc GBP (PCFT:LON) | 161 1.3 0.5% | Mkt Cap: 490.2m
- Published:
01 Dec 2022 -
Author:
James Carthew | Matthew Read | Richard Williams - Pages:
There appears to have been a distinct shift in sentiment towards financials stocks and Polar Capital Global Financials Trust (PCFT) since Spring 2022. The managers suggest that, as recessionary fears grew, initial enthusiasm about the positive effects of rising interest rates on banks’ profit margins gave way to concern about the prospect of higher loan defaults. However, these have not materialised, and PCFT’s managers think it is likely that they will not.
They feel that the sector’s sell-off ....