A multi-asset income fund focussed on the financial sector
The Fund aims to provide an attractive level of income for investors, together with capital growth, by investing primarily in the equity, debt and other securities of financial companies worldwide.
The Fund Manager’s investment philosophy is based on stock selection and where the team feels the best ideas are being generated after taking into account the risk-reward profile.
We believe that patience is rewarded as the market is too short-term and as a result value outperforms over the long-term. We only invest in businesses we understand and there is no preference over market-cap within sensible liquidity constraints. Finally, we are not dogmatic but will act on new information if it undermines our long-term investment case.
- Team of 5 sector specialists
- Award-winning managers, 85+ years of combined experience
- 20+ year track record of running specialist financial sector funds
- Up to 150 positions
- No benchmark or tracking error constraints
- Fundamentally-driven analysis and stock selection combined with macro-economic analysis
FE Crown Fund Ratings do not constitute investment advice offered by FE and should not be used as the sole basis for making any investment decision. All rights reserved.
Fund Managers & Analysts
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
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
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 (%)
|GBP B2 I Acc||1.40||2.60||13.62||13.62||20.14||49.26||143.42||140.89||8.99|
Discrete Annual Performance (%)
Total Number of Positions
Top 10 Equity Positions (%)
|PNC Financial Services||1.8|
|SpareBank 1 SMN||1.7|
|Riverstone Credit Opportunitie||1.6|
Market Capitalisation Exposure (%)
|Large Cap (>£2.5bn)||53.6|
|Mid Cap (£350m - £2.5bn)||25.9|
|Small Cap (<£350m)||20.5|
Top 10 Fixed Income Positions (%)
|Amigo Luxembourg SA 7.625% 01/2024||2.7|
|Shawbrook Group 8.5% 10/2025||2.1|
|Borealis Finance Llc 7.5% 11/2022||1.5|
|Wachovia Cap Trust III 5.56975%||1.4|
|HSBC Bank Plc 2.75%||1.3|
|Natl Westminster Bank 2.8125%||1.2|
|Goldman Sachs Group 5.375% 03/2020||1.2|
|Pension Insurance 7.375%||1.1|
|Provident Financial Plc 7% 06/2023||1.1|
|Nationwide Bldg Society 10.25%||1.1|
|Investment Grade Bonds||14.0|
|GBP Currency Futures||3.1|
|Long Gilt Futures||-6.0|
Geographic Exposure - Equities (%)
Fact Sheet History
Tax & Distribution Reporting
Report & Accounts
Codes & Fees
|GBP B2 I Acc||HIMIB2A ID||IE00B73PVZ22||B73PVZ2||0.91%||-|
|GBP B1 I Dist||HIMIB1I ID||IE00B4TCHT23||B4TCHT2||0.91%||-|
|US$ Class I Acc||HIMRIUA ID||IE00BY7RTS22||BY7RTS2||0.91%||-|
|US$ Class I Dist||HIMRIUD ID||IE00BY7RSZ24||BY7RSZ2||0.91%||-|
|EUR Class I Acc||HIMRIEA ID||IE00BY7RTT39||BY7RTT3||0.91%||-|
|EUR Class I Acc Hedged||POIIEAH ID||IE00BZ4SWG46||BZ4SWG4||0.91%||-|
|EUR Class I Dist||HIMRIES ID||IE00BY7RT263||BY7RT26||0.91%||-|
|EUR Class I Dist Hedged||POIIEDH ID||IE00BZ4SWF39||BZ4SWF3||0.91%||-|
|GBP A2 R Acc||HIMRA2A ID||IE00B7456569||B745656||1.41%||-|
|GBP A1 R Dist||HIMRA1I ID||IE00B759Y860||B759Y86||1.41%||-|
|US$ Class R Acc||HIMRUSA ID||IE00BY7RT826||BY7RT82||1.41%||-|
|US$ Class R Dist||HIMRUSD ID||IE00BY7RST63||BY7RST6||1.41%||-|
|EUR Class R Acc||HIMRESA ID||IE00BY7RTK46||BY7RTK4||1.41%||-|
|EUR Class R Dist||HIMRESD ID||IE00BY7RSY17||BY7RSY1||1.41%||-|
|US$ Class R Acc Hedged||POIRUHA ID||IE00BF2CWP70||BF2CWP7||1.41%||-|
|EUR Class R Acc Hedged||POIREAH ID||IE00BZ4SWD15||BZ4SWD1||1.41%||-|
|EUR Class R Dist Hedged||POIREDH ID||IE00BZ4SWC08||BZ4SWC0||1.41%||-|
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