LONDON – Polar Capital Global Trust Plc has released details of its top fifteen equity holdings, with sector and geographic exposure as of December 31, 2024. The financial services-focused investment trust has shown significant concentration in North American financial institutions, with JPMorgan Chase & (NYSE: NYSE:) leading the group with a share of 6.9%.
The list of largest holdings reflects 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:) to 3.7%. Other significant funds include Goldman Sachs Group Inch. (NYSE:NYSE:), Citigroup Inch. (NYSE:NYSE:), and Barclays Plc (LON:LON:), each of which makes up just over 2% of the trust’s portfolio.
Sector exposure is heavily weighted towards financial services at 39%, with banks and insurance companies making up the bulk of investments. REITs and fixed income securities also form part of the portfolio, albeit to a lesser extent.
Geographically, the foundation’s investments are mainly in North America, which accounts for 58.1% of the geographic exposure. Europe and the United Kingdom follow with 13.5% and 10% respectively, while Asia Pacific (excluding Japan) and Japan make up smaller parts of the portfolio.
The trust’s leverage ratio, a measure of its level of borrowing, was 3.2% according to the guidelines of the Association of Investment Companies.
Polar Capital’s monthly fact sheet, which includes investment manager commentary, is expected to be available on the company’s website. This press release was issued by the information service London Stock Exchange (LON:), provides a snapshot of the trust’s positioning at the end of the last calendar year.
Investors can find a complete list of portfolios as of November 29 on the company’s website. The information, based on a press release, offers insight into Polar Capital Global Financials Trust’s investment strategy and allocation as it navigates the financial sector landscape.
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