Fact sheet: Polr Cpl GbFns Tst PLC

Fund information
Fund name
Polar Capital Global Financials Trust PLC Ord 5P
Fund manager company
Polar Capital Partners Ltd
Fund type
Investment Trust
Fund managers
  • Nick Brindsince 30/06/2013
  • John Yakassince 30/06/2013
Fund objective
The Company seeks to generate a growing dividend income and capital appreciation by investing primarily in a global portfolio consisting of securities issued by companies within the financials sector operating in the banking, insurance, property and other sub-sectors.
Benchmark
  • MSCI World Financials
Investment style
No data available.
Investment method
Shares
Quick stats
1 Year return
20.3%
1 Year rank in sector
1/1
Sector
IT Financials
Yield
2.8%
Fund size
£208m
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.
126
Mid price
120.75
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
128.59
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
-5.22
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
105
Top in this sector
Fund name1 Year
Polr Cpl GbFns Tst PLC20.3%
...more in IT Financials

Performance snapshot

Holdings snapshot

  • North America36.7%
    Europe25.7%
    Asia Pacific ex Japan15.2%
    UK10.9%
    Not Specified8.7%
  • Banks58.7%
    Financials13.4%
    Insurance12.3%
    Fixed Interest8.7%
    Real Estate5.2%
  • North American Equities36.7%
    European Equities25.7%
    Asia Pacific ex Japan Equities15.2%
    UK Equities10.9%
    International Equities8.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund7.3%14.5%25.3%20.3%25%-
Sector8.3%15.5%26.5%21.4%23.8%23%
Rank within sector1 / 11 / 11 / 11 / 11 / 1-
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund20.9%8.9%-3.2%--
Sector22%7.1%-4.4%--
Rank within sector1 / 11 / 11 / 1--
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.
1.29
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.
0.99
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.
0.14
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.
2.98
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.
0.4
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.
0.96
Price movement
52 week high122
52 week low86.25
Current bid price120.75
Current offer price121.5
Current mid price120.75
Region
1North America36.7%
2Europe25.7%
3Asia Pacific ex Japan15.2%
4UK10.9%
5Not Specified8.7%
6Japan1.5%
7Latin America0.8%
8Money Market0.5%
Industry sector
1Banks58.7%
2Financials13.4%
3Insurance12.3%
4Fixed Interest8.7%
5Real Estate5.2%
6Software1.2%
7Money Market0.5%
Asset type
1North American Equities36.7%
2European Equities25.7%
3Asia Pacific ex Japan Equities15.2%
4UK Equities10.9%
5International Equities8.7%
6Japanese Equities1.5%
7American Emerging Equities0.8%
8Money Market0.5%
Individual holdings
1JPMORGAN CHASE & CO3.7%
2ING GROEP N.V.3.2%
3CHUBB CORP3.1%
4WELLS FARGO & CO2.9%
5BNP PARIBAS2.5%
6SWEDBANK AB2.5%
7BANK OF AMERICA CORP2.4%
8SAMPO CORP2.1%
9CITIGROUP INC2%
Management
Fund manager group
Polar Capital
Fund manager company
Polar Capital Partners Ltd
Fund type
Investment Trust
Fund objective
The Company seeks to generate a growing dividend income and capital appreciation by investing primarily in a global portfolio consisting of securities issued by companies within the financials sector operating in the banking, insurance, property and other sub-sectors.
Benchmark
  • MSCI World Financials
Investment style
No data available.
Investment method
Shares
Fund managers
NameSinceBiography
Nick Brind30/06/2013Nick Brind joined Polar Capital following the acquisition of HIM Capital in September 2010 and is manager of the Polar Capital Income Opportunities Fund and Co-Manager of the Polar Capital Global Financials Trust Plc. He has 20 years’ investment experience across a wide range of asset classes including UK equities, closed-end funds, fixed-income securities, global financials, private equity and derivatives. Prior to joining HIM Capital, Nick worked at New Star Asset Management. While there he managed the New Star Financial Opportunities Fund, a high-income financials fund investing in the equity and fixed-income securities of European financials companies, which outperformed its benchmark index in all 6 years that Nick managed it. Previously he worked at Exeter Asset Management and Capel-Cure Myers. At Exeter Asset Management, Nick managed the Exeter Capital Growth Fund from 1997 to 2003 which over this period was in the top decile of the IMA UK All Companies Sector. Nick has a Masters in Finance from London Business School.
John Yakas30/06/2013John 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.
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
Polar Capital Global Financials Trust PLC Ord 5P
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price132.05
CurrencyGBX
Price updated30/11/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJGA
Polar Capital Global Financials Trust PLC Sub 1P
Initial charge-
Annual charge0.85%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price8.1
Offer price9
Mid price8.55
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeJKLP
Data provided by

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