LONDON - Polar Capital Global Financials Trust Plc (LSE:PCFT) has disclosed its top fifteen equity holdings and sector as well as geographic exposures as of November 29, 2024. The investment trust, which focuses on the financial sector, reported that its top holdings include major financial institutions like JPMorgan, Mastercard (NYSE:MA), and Bank of America, with JPMorgan being the largest holding at 6.8%.
The portfolio's sector exposure is predominantly in financial services at 40.2%, with banks accounting for 33.6% and insurance companies 19.2%. Notably, the trust's exposure to equity real estate investment trusts (REITs) is minimal at 0.7%, and it holds no cash positions.
In terms of geographic distribution, North America represents the largest share with 58.3%, followed by Europe at 13.1%, and the UK at 10.7%. The Asia Pacific region (excluding Japan) accounts for 7.5%, while Japan and Latin America have smaller exposures at 3.1% and 0.9%, respectively.
The gearing ratio, as defined by the Association of Investment Companies, stood at 5.1%. This leverage measure indicates the extent to which the trust's assets are financed by debt.
Investors interested in the trust's detailed performance and manager commentary can expect the monthly factsheet to be available on the company's website typically on the 10th working day following the month's end.
The announcement, based on a press release statement, provides a snapshot of the trust's investment stance and market positioning as it navigates the global financial sector. It is a regular update that informs shareholders and potential investors of the trust's composition and strategic focus.
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