Fact sheet: Polar Capital Fincl Opports

Fund information
Fund name
Polar Capital Financial Opportunities R USD
Fund manager company
Polar Capital
Fund type
OEIC
Fund manager
  • John Yakassince 02/05/2011
Fund objective
The Fund aims to provide long-term capital growth by investing primarily in the securities of financial sector companies globally.
Benchmark
  • MSCI World Financials
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
-3.5%
1 Year rank in sector
-
Sector
FO Equity - Financial
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.7%
Fund size
£27m (£37m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
105
Top in this sector
Fund name1 Year
Sanlam Global Financial34.4%
Polar Capital GblInsnrc27.2%
Fidelity Gbl Financl Svs23.2%
JGF-Jupiter Gbl Fins15.4%
Polar Capital Asian Financials8.9%
...more in FO Equity - Financial

Performance snapshot

Holdings snapshot

  • USA37%
    UK7.8%
    Money Market5.9%
    India5.6%
    Bermuda3.6%
  • Banks53.4%
    Insurance8.9%
    Data Processing8.4%
    Money Market5.9%
    Consumer Credit & Leasing5.8%
  • US Equities37%
    International Equities28%
    UK Equities7.8%
    Money Market5.8%
    Indian Equities5.6%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund6.5%4.6%5.4%-3.5%6.8%49.9%
Sector7.2%5.5%11.5%3.7%18%66.1%
Rank within sector------
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund-0.9%2.4%1.5%20.8%24.4%
Sector5.3%1.7%7.6%20.3%20.9%
Rank within sector-----
Quartile
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-3.24
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
13.87
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
5.88
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.58
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.82
Price movement
52 week high12.22
52 week low9.5
Current bid price-
Current offer price-
Current mid price11.66
Region
1USA37%
2UK7.79%
3Money Market5.86%
4India5.61%
5Bermuda3.61%
6Japan3.56%
7France3.03%
8Netherlands2.86%
9Singapore2.68%
Industry sector
1Banks53.44%
2Insurance8.89%
3Data Processing8.44%
4Money Market5.86%
5Consumer Credit & Leasing5.82%
6Mortgage & Secured Bonds4.84%
7Financials2.91%
8Real Estate2.68%
9Conglomerates2.12%
Asset type
1US Equities37%
2International Equities28%
3UK Equities7.8%
4Money Market5.8%
5Indian Equities5.6%
6American Emerging Equities3.6%
7Japanese Equities3.6%
8French Equities3%
9Dutch Equities2.9%
Individual holdings
1CHUBB LTD3.55%
2JPMORGAN CHASE & CO3.4%
3BNP PARIBAS3.03%
4ING GROEP N.V.2.86%
5ARCH CAPITAL GROUP2.64%
6WELLS FARGO & CO2.61%
7BANK OF AMERICA CORP2.59%
8META FINANCIAL GROUP INC2.34%
9MASTERCARD INC2.15%
Management
Fund manager group
Polar Capital
Fund manager company
Polar Capital
Fund type
OEIC
Fund objective
The Fund aims to provide long-term capital growth by investing primarily in the securities of financial sector companies globally.
Benchmark
  • MSCI World Financials
Investment style
Growth
Investment method
Shares
Fund manager
NameSinceBiography
John Yakas02/05/2011John Yakas joined Polar Capital in September 2010 and is the Manager of the Polar Capital Asian Financials Fund, Polar Capital Financial Opportunities Fund and Co-Manager of the Polar Capital Global Financials Trust Plc. John has 27 years’ experience in the financial services industry. Previously, he worked for HSBC as a banker based in Hong Kong and was the head of Asian research at Fox-Pitt, Kelton. In 2003 he joined Hiscox Investment Management which later became HIM Capital. John has won Lipper awards in the Equity Sector Banks and Other Financials Sector in 2010, 2011, 2012 and 2013 for the performance of the Asian Financials Fund. He has an MBA from London Business School and studied at the London School of Economics (BSc Econ).
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, IA Recognised, Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Guernsey, Ireland, Italy, Jersey, Luxembourg, Netherlands, Norway, Offshore, Singapore, Sweden
Polar Capital Financial Opportunities I Acc EUR
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.28%
Bid price-
Offer price-
Mid price10.9
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJO3V
Polar Capital Financial Opportunities I Acc GBP
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.28%
Bid price-
Offer price-
Mid price9.2
CurrencyGBP
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJO3W
Polar Capital Financial Opportunities I Acc USD
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.28%
Bid price-
Offer price-
Mid price11.69
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeJO3X
Polar Capital Financial Opportunities I EUR
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.28%
Bid price-
Offer price-
Mid price11.14
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNLS5
Polar Capital Financial Opportunities I GBP
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.28%
Bid price-
Offer price-
Mid price9.4
CurrencyGBP
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNLS6
Polar Capital Financial Opportunities I USD
Initial charge5%
Annual charge1%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.2%
Total expense ratio (TER)1.28%
Bid price-
Offer price-
Mid price11.94
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeNLS4
Polar Capital Financial Opportunities R Acc EUR
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)1.78%
Bid price-
Offer price-
Mid price10.72
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJO3Y
Polar Capital Financial Opportunities R Acc GBP
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)1.78%
Bid price-
Offer price-
Mid price9.05
CurrencyGBP
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJO3Z
Polar Capital Financial Opportunities R Acc USD
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)1.78%
Bid price-
Offer price-
Mid price11.49
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeJO4A
Polar Capital Financial Opportunities R EUR
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)1.78%
Bid price-
Offer price-
Mid price10.87
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNLS8
Polar Capital Financial Opportunities R GBP
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)1.78%
Bid price-
Offer price-
Mid price9.17
CurrencyGBP
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNLS9
Polar Capital Financial Opportunities R USD
Initial charge5%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.7%
Total expense ratio (TER)1.78%
Bid price-
Offer price-
Mid price11.66
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNLS7
Data provided by

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