LONDON - Polar Capital Global Financials Trust Plc has released details of its top fifteen equity holdings, alongside sector and geographic exposures as of December 31, 2024. The financial services-focused investment trust showed a significant concentration in North American financial institutions, with JPMorgan Chase & Co. (NYSE:NYSE:JPM) leading the pack with a 6.9% holding.
The list of top holdings reflects a diverse mix within the financial sector, including Mastercard Inc. (NYSE:NYSE:MA) at 4.5%, Bank of America Corp. (NYSE:NYSE:BAC) at 3.8%, and Visa Inc . (NYSE:NYSE:V) at 3.7%. Other notable holdings include Goldman Sachs Group Inc. (NYSE:NYSE:GS), Citigroup Inc. (NYSE:NYSE:C), and Barclays Plc (LON:LON:BARC), each constituting just over 2% of the trust's portfolio.
The sector exposure is heavily weighted towards financial services at 39%, with banks and insurance companies comprising the bulk of the investments. Equity Real Estate Investment Trusts (REITs) and fixed income securities also form part of the portfolio, although to a lesser extent.
Geographically, the trust's investments are predominantly in North America, which accounts for 58.1% of the geographic exposure. Europe and the UK follow with 13.5% and 10% respectively, while Asia Pacific (excluding Japan) and Japan make up smaller portions of the portfolio.
The trust's gearing ratio, a measure of its borrowing level, stood at 3.2% as per the guidelines of the Association of Investment Companies.
Polar Capital's monthly factsheet, which includes commentary from the investment manager, is expected to be available on the company's website. This press release, issued by the news service of the London Stock Exchange (LON:LSEG), provides a snapshot of the trust's positioning at the end of the last calendar year.
Investors can find the full portfolio listing as of November 29 on the company's website. The information, based on a press release statement, offers a glimpse into the investment strategy and allocations of Polar Capital Global Financials Trust as it navigates the financial sector landscape.
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