RCS - Polar Capital Global - Update research from QuotedData
13/06/2024 10:00
For best results when printing this announcement, please click on link below: http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240613:nRSM3219Sa&default-theme=true RNS Number : 3219S Polar Capital Global Financials Tst 13 June 2024 Polar Capital Global Financials Trust- Update from QuotedData 13(th) June 2024 Handful of themes to drive performance Polar Capital Global Financials Trust (PCFT) has had a good six months both in net asset value (NAV) terms, where returns have been ahead of both its MSCI All-Countries World Financials Index performance benchmark and the global MSCI All Countries World Index, and in share price terms, as the share price discount to NAV has narrowed. Next year's liquidity opportunity (see page 12) ought to help the discount narrow further. It is early days, but the team reviewed the investment process with the recent hiring of new co-manager Tom Dorner (see page 14). Active share has increased, and the trust has reduced its exposure to banks (which has been a headwind to performance historically). The managers are cautiously optimistic. As we explore in this note, they have identified five core themes that they feel will help drive further outperformance: alternative asset managers; a strong pricing environment for reinsurance companies; growth and reform within emerging markets; undervalued small- and mid-caps; and a need to be selective in PCFT's exposure to banks. Full Research: https://quoteddata.com/research/polar-capital-global-financials-trust-handful-of-themes-to-drive-performance-qd/ (https://quoteddata.com/research/polar-capital-global-financials-trust-handful-of-themes-to-drive-performance-qd/) This research is also available free on our website www.quoteddata.com (http://www.quoteddata.com) where you will also find news, performance data and factsheets on every London listed Investment Company. QuotedData writes and distributes research on a number of quoted companies, facilitates meetings between those companies and existing and potential investors and assists in raising additional capital where required. NB: Marten & Co was paid to produce this note on Polar Capital Global Financials Trust Plc, and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the Financial Conduct Authority. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority. QUOTEDDATA 50 Gresham Street | London EC2V 7AY Tel: +44 (0) 20 3691 9430 www.quoteddata.com (http://www.quoteddata.com) | research@quoteddata.com (mailto:research@quoteddata.com) | www.martenandco.com (http://www.martenandco.com) This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com (mailto:rns@lseg.com) or visit www.rns.com (http://www.rns.com/) . RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy) . END NRAUOUWRSSUNARR