LONDON – Polar Capital Global Trust Plc has released details of its top fifteen equity holdings, with sector and geographic exposure from 31 December 2024. The financial services investment trust has shown a significant focus on North American financial institutions, and and JPMorgan Chase & Co. (NYSE: NYSE: ) leading the pack with a 6.9% share.
The list of top places shows a diverse mix within the financial sector, including Mastercard Inc. (NYSE: NYSE: ) at 4.5%, Bank of America Corp. (NYSE: NYSE: ) at 3.8%, and Visa Inc . (NYSE:NYSE:) at 3.7%. Other tangible things include Goldman Sachs Group Inc. (NYSE:NYSE:), Citigroup Inc. (NYSE:NYSE:), and Barclays Plc (LON:LON:), each comprising just over 2% of the trust's portfolio.
Sector exposure has the biggest burden on financial services at 39%, with banks and insurance companies comprising the bulk of investments. Equity Investment Trusts (REITs) and fixed income securities are also part of the portfolio, albeit to a lesser extent.
Geographically, the trust's investments are primarily located in North America, which accounts for 58.1% of its geographic exposure. Europe and the UK follow with 13.5% and 10% respectively, while Asia Pacific (excluding Japan) and Japan make up smaller parts of the portfolio.
The trust system's rate, a measure of the level of borrowing, stands at 3.2% according to the guidelines of the Association of Investment Companies.
Polar Capital's monthly newsletter, which includes a statement from the investment manager, is expected to be available on the company's website. This news release, issued by the news service of London Stock Exchange (LON:), provides a snapshot of the trust's position at the end of the last year.
Investors can find a complete list of portfolios from November 29 on the company's website. The information, based on a press release, provides an overview of the investment strategy and allocation of Polar Capital Global Financials Trust as it monitors the financial sector environment.
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