Polar Capital unveils financials trust

Polar Capital Holdings plans an investment trust aiming to produce dividend income plus capital growth by investing in a diversified global portfolio of equity, debt and other securities of listed financial stocks.

The Polar Capital Global Financials Trust will have a fixed life to May 2020, and seeks a premium listing on the London Stock Exchange.

Fund managers Nick Brind and John Yakas say they expect the return and re-basing of bank dividends to be a major catalyst for the financial sector, which accounts for 20% of the world’s stock market capitalisation.

The fund will seek to pay dividends at the rate initially of 3.1 pence per year, with the aim of increasing the dividend progressively thereafter.

Investors pay an annual management fee of 0.85%, based on the lower of market capitalisation or net asset value. A performance fee may also be payable at the end of the company’s life.

©2013 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

Innovative US companies are providing some of the solutions to the climate crisis and transition to a more sustainable economy. We see potential opportunities in areas including renewable energy and…
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

IRELAND SPOTLIGHT

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST