Polar Capital Global Financials (ticker: PCFT) was launched in 2013 with a seven-year fixed life. As the name suggests, it focuses on the financial sector, which is the second-largest globally after technology. In 2020, its shareholders opted to replace its fixed-life structure with five-yearly 100% tender offers. The first tender offer in 2020 saw 39% of shares bought back, but was followed by a strong period of regular share issuance and a large C share issue, resulting in the share count almost tripling. The second offer in June 2025 saw 44% of shares bought back, and the trust's net assets...
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Exclusive to subscribers to the Money Makers Circle Contents - What's new this week - Latest trust profile - Trust news over the past week - Recent issuance and buybacks - Good reads - Video reviews - This week's biggest movers - Investment Trusts Handbook - Appendices
What's new this week The podcast this week features another of my monthly chats with Andrew McHattie, editor of the Investment Trusts newsletter, about some of the more interesting news announcements of the last couple of weeks. Trusts we discuss include Warehouse REIT (WHR), arbdn European Logistics Income (ASLI), Polar Capita...
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Exclusive to subscribers to the Money Makers Circle Contents - What's new this week - Latest trust profile - Trust news over the past week - Recent issuance and buybacks - Good reads - This week's biggest movers - Investment Trusts Handbook - Portfolio and video reviews - Appendices
What's new this week Our two latest podcast episodes feature Nick Brind, co-manager of Polar Capital Global Financials (PCFT), one of the leading beneficiaries of a higher interest rate world, now approaching its five-yearly tender at the end of June, and Chris Clothier, co-Chief Investment Officer of CG Asset Man...
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