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 globallydiversified 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.
18 Nov 2021
More to go for
Sign up for free to access
Get access to the latest equity research in real-time from 12 commissioned providers.
Get access to the latest equity research in real-time from 12 commissioned providers.
More to go for
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 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 globallydiversified 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.