Polar Capital Global Financials Trust

This was an introduction to the trust as they issue new stock for investors. The other change is that this was a fixed life trust of 7 years and now has an indefinite life span. It has gearing of 9% and has paid an historic yield of close to 3%.

The managers have a quality bias, especially in emerging markets where private sector banks perform better when compared to poorly managed public sector banks. They believe that investing in financials has several advantages; they are attractively valued in absolute and relative terms, they are beneficiaries of the re-opening trade, they are part of the cyclical recovery and the sector will benefit from higher interest rates and bond yields….read more

Fund Facts Morningstar

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