Polar Capital Global Financials Trust plc
PCFT.L
London Stock Exchange224.50
GBp
-0.50
(-0.56%)
Polar Capital Global Financials Trust plc
PCFT.L
(London Stock Exchange)
Recent
price
224.50
P/E
ratio
6.78
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Polar Capital Global Financials Trust plc Polar Capital Global Financials Trust plc is a United Kingdom-based closed-end investment trust that generates a growing dividend income together with capital appreciation for investors by investing primarily in a global portfolio of listed or quoted equities issued by financial sector companies operating in banking, insurance, asset management, stock exchanges, online payments, property, and other sub-sectors; the portfolio is diversified across geographies including the United States, Europe, emerging markets such as India, Mexico, and Brazil, by industry sub-sectors, and by stock market capitalization, with additional allocations to index-linked and other debt securities, cash deposits, money market instruments, foreign currency transactions, derivatives, fixed income, and up to 10% in unlisted companies or other closed-end vehicles; it maintains a fixed income allocation, currently holds 58 equity positions and 4 bond positions, and exhibits an active share of approximately 70% with modest gearing of around 4%. The Trust, managed by Polar Capital LLP with co-managers Nick Brind, George Barrow, and Tom Dorner, and chaired by Simon Corderey, was established in 2013 and is headquartered in London, England; it lists on the London Stock Exchange as a FTSE 250 constituent with assets under management of £370 million and a historic yield of about 3%. Recent major changes include the implementation of 5-yearly continuation votes with tender offers since April 2020, a 100% tender offer in June 2025 through which 44% of issued capital was repurchased leading to a return of capital to investors, an enhanced dividend policy and reduced fee structure announced in 2025, and ongoing share buyback programs into treasury such as the repurchase of 300,343 shares on 6 November 2025 at an average price of 216.20p and 55,151 shares on 5 November 2025 at 214.96p, pursuant to authority granted at the April 2025 annual general meeting.