Having played a supporting role in the initial phase of the market’s recovery – breaking historical precedent in the process – financials, and banks in particular, have come back sharply since November. Polar Capital Global Financials Trust’s (PCFT’s) premium was recently at its highest level in more than five years, paving the way for share issuances. Banks were well-capitalised going into the pandemic, so the much-milder-than-expected impact on defaults to date, coupled with the prospect of ec ....
25 Feb 2021
The tide has turned
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The tide has turned
Polar Capital Global Financials Trust Plc GBP (PCFT:LON) | 165 0 0.0% | Mkt Cap: 503.5m
- Published:
25 Feb 2021 -
Author:
James Carthew | Matthew Read | Shonil Chande -
Pages:
19
Having played a supporting role in the initial phase of the market’s recovery – breaking historical precedent in the process – financials, and banks in particular, have come back sharply since November. Polar Capital Global Financials Trust’s (PCFT’s) premium was recently at its highest level in more than five years, paving the way for share issuances. Banks were well-capitalised going into the pandemic, so the much-milder-than-expected impact on defaults to date, coupled with the prospect of ec ....