Update from QuotedData

Polar Capital Global Financials Trust - Update from QuotedData

7th June 2023

Avoiding mishaps

After years of squeezed margins thanks to ultra-low interest rates, banks' profitability is increasing (in part, as the spread between the interest rates that they pay on deposits and the rates that they charge borrowers widens). However, higher rates have brought increased recession risk and, as we discuss from page 4 onwards, have exposed inept risk management within some US regional banks, with some high-profile bank failures.

The managers of Polar Capital Global Financials Trust (PCFT) were quick to cut exposure to more exposed areas of the sector, while increasing PCFT's weighting towards areas such as insurance and reinsurance, where the picture looks brighter.

Sentiment has turned against the financials sector once more, but as investors find assurance that the problems are stock specific rather than sector-wide, this could swing back in PCFT's favour.

Full Research:

https://quoteddata.com/research/polar-capital-global-financials-trust-avoiding-mishap-qd/

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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.

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