Polar Capital Global Financials Trust

Name
Polar Capital Global Financials Trust
Manager
Polar Capital LLP
Type
Closed Ended Investment Company
ISIN
GB00B9XQT119
Sector
Sector Specialist: Financials
Launched
01/07/2013
OCF
1.01 %
Risk Rating
3
3 Year Sharpe
1.10
3 Year Alpha
1.45
Yield
3.1 %
Benchmark
MSCI World/Financials GR GBP
Fund Size
£ 264.11 million
NAV
137
Gearing
103
Discount Premium
-5
The investment objective is to generate for investors a growing dividend income together with capital appreciation. The company will seek to achieve its objective by investing primarily in a global portfolio consisting of listed or quoted securities issued by companies in the financial sector operating in the banking, insurance, property and other sub-sectors.
Holding %
JPMorgan Chase & Co 5.97 %
Bank of America Corporation 4.42 %
Chubb Ltd 3.09 %
Citigroup Inc 2.83 %
Mastercard Inc A 2.77 %
Wells Fargo & Co 2.74 %
Sumitomo Mitsui Financial Group Inc 2.55 %
PNC Financial Services Group Inc 2.41 %
The Toronto-Dominion Bank 2.28 %
US Bancorp 2.27 %
Region %
United States 46.70 %
Eurozone 13.96 %
United Kingdom 10.55 %
Europe - ex Euro 8.55 %
Asia - Developed 8.41 %
Sector %
Financial Services 96.06 %
Name
Polar Capital LLP
Address
SW1E 5JD, London, United Kingdom
UCITS
No
Legal Structure
Closed Ended Investment Company

Managers

Nick Brind
Joined 07/01/2013

Nick joined Polar Capital in September 2010 following the acquisition of HIM Capital and is manager of the Polar Capital Financials Income Fund. He has 17 years investment experience across a wide range of asset classes including UK equities, closed end funds, fixed-income securities, European financials, private equity and derivatives. Prior to joining HIM Capital, Nick managed the New Star Financial Opportunities Fund, a high-income financials fund investing in the equity and fixed-income securities of European financial companies, which outperformed its benchmark index in all 6 of the years that Nick managed it. From 1997 to 2003 at Exeter Asset Management Nick managed the Exeter Capital Growth Fund, which was in the top decile of the IMA UK All Companies Sector over the period he managed it, as well as assisting on a number of other funds. Nick has a Masters in Finance from London Business School.

John Yakas
Joined 07/01/2013

John Yakas joined Polar Capital in September 2010 as manager of the Asian and European Financial Funds. He also manages the Financial Opportunities Fund which launched on the 3rd May 2011. John has over 20 years experience in the financial services industry and has been involved with the Asian Financial Fund since its launch in 1996 (initially as the principal research analyst and subsequently as lead fund manager) and has also been responsible for the European Financial Fund for the past four years. Previously, he worked for HSBC in Asia and was the Head of Asian/Emerging Markets Research at Fox-Pitt, Kelton between 1995 and 2003. John joined Hiscox Investment Management in 2003 (subsequently HIM Capital).

Data provided by Morningstar.

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