Specialist investors in the largest equity investment sector globally
The Fund aims to provide long-term capital growth by investing primarily in the securities of financial sector companies globally.
The Fund tries to identify stocks that offer the highest profitability for the lowest risk; this is significant as it is a focus on profitable risk-adjusted growth rather than absolute growth which drives the portfolio. The Fund Manager conducts a detailed income statement and balance sheet analysis which can result in investments becoming long-term holdings in the portfolio. The Fund Manager also runs a valuation approach which double checks their thinking by looking at the return on equity of the stock against the cost of capital, the latter including macro elements. All stocks are run through the scoring system which provides a ranking of each stock on the basis of profitability, risk, value and growth. Everything is underpinned by regular trips to the US, Europe and Asia, access to a wider view of global financials through the rest of the team and long-standing links with management in the regions.
- Team of 5 sector specialists
- Award-winning managers, 85+ years of combined experience
- 20+ year track record of running specialist financial sector funds
- Typically 40‑80 positions
- No benchmark or tracking error constraints
- Fundamentally-driven analysis and stock selection
Fund Managers & Analysts
John joined Polar Capital in September 2010 and is fund manager of the Polar Capital Asian Opportunities Fund, Polar Capital Financial Opportunities Fund and co-manager of the Polar Capital Global Financials Trust Plc.
Previously, John 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 Polar Capital Asian Opportunities Fund.
- BSc in Economics, London School of Economics and Political ScienceMBA, London Business School
- 31 years
George joined Polar Capital in September 2010 and works closely with John Yakas on the Polar Capital Financial Opportunities Fund and the Polar Capital Asian Opportunities Fund.
He has over 10 years’ experience analysing Europe, Asia and emerging markets. Prior to joining Polar Capital, he was an analyst at HIM Capital from 2008 where he completed his IMC.
- MA (Merit) in International Studies, SOAS (School of Oriental and African Studies), London
- IMC. Advanced Certificate in Equity & Fixed Income Investment
- 12 years
Nick joined Polar Capital in September 2010 following the acquisition of HIM Capital, and is manager of the Polar Capital Income Opportunities Fund and co-manager of the Polar Capital Global Financials Trust Plc.
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 six years that Nick managed it. Previously, Nick 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.
- MSc in Finance, London Business SchoolDiploma, CISI (Chartered Institute for Securities & Investment), London
- 25 years
Nabeel joined the Polar Capital Financials team as an analyst in August 2013 working closely with John Yakas and Nick Brind, focusing on the US, Latin America & Australia.
Prior to this, Nabeel worked as an operations executive at Polar Capital. Nabeel began his career in August 2008 with Habib Bank, where he worked within a variety of functions.
- BSc (Hons) in Computer Science, Lahore University of Management SciencesMSc in Money and Banking, University of Exeter
- Passed CFA Level III
- 8 years
Jack joined the Polar Capital Financials team as an analyst in October 2017 working closely with Nick Brind on the Income Opportunities Fund.
Prior to this, he worked at DBRS Ratings, covering the Swiss market as a lead analyst, as well as UK, Dutch, Japanese and Australian banks. Before DBRS, Jack worked in the Markets Division of the Bank of England for four years, assessing financial institutions with a view to determining access to the Bank's Sterling Monetary Framework (SMF) facilities, and internal counterparty trading limits.
- BA, Classical Archaeology & Ancient History, Oxford UniversityMA, Islamic Politics, SOAS (School of Oriental and African Studies), London
- 10 years
Cumulative Performance (%)
|US$ Class I Acc||4.79||10.95||25.31||25.31||26.78||31.53||-||48.77||6.50|
Discrete Annual Performance (%)
Top 10 Positions (%)
|Bank of America||5.3|
|Citizens Financial Group||4.0|
Market Capitalisation Exposure (%)
|Large Cap (>US$10bn)||81.3|
|Mid Cap (US$1 - 10bn)||13.8|
|Small Cap (<US$1bn)||4.9|
|Life & Health Insurance||8.0|
|Property & Casualty Insurance||7.2|
|Data Processing & Outsourced Services||6.1|
|Thrifts & Mortgage Finance||3.6|
|Asset Management & Custody Banks||1.8|
|Financial Exchanges & Data||0.9|
Fact Sheet History
Tax & Distribution Reporting
Report & Accounts
Codes & Fees
|US$ Class I Acc||PCFOPIU ID||IE00BCRYMH92||BCRYMH9||1.16%||-|
|US$ Class I Dist||PFOPPIU ID||IE00B5NR9F09||B5NR9F0||1.16%||-|
|GBP Class I Acc||PCFOPIG ID||IE00BCRYMJ17||BCRYMJ1||1.16%||-|
|GBP Class I Dist||PFOPPIG ID||IE00B676X694||B676X69||1.16%||-|
|EUR Class I Acc||PCFOPIE ID||IE00BCRYMK22||BCRYMK2||1.16%||-|
|EUR Class I Dist||PFOPPIE ID||IE00B5NCML29||B5NCML2||1.16%||-|
|US$ Class R Acc||PCFOPRU ID||IE00BCRYMD54||BCRYMD5||1.66%||-|
|US$ Class R Dist||PFOPPRU ID||IE00B6429P10||B6429P1||1.66%||-|
|GBP Class R Acc||PCFOPRG ID||IE00BCRYMF78||BCRYMF7||1.66%||-|
|GBP Class R Dist||PFOPPRG ID||IE00B5KQ7014||B5KQ701||1.66%||-|
|EUR Class R Acc||PCFOPRE ID||IE00BCRYMG85||BCRYMG8||1.66%||-|
|EUR Class R Dist||PFOPPRE ID||IE00B5LFNN25||B5LFNN2||1.66%||-|
OCF is correct as at the date of the latest published KIID.
Countries in which this fund is available
Please click on each country to see share class availability