Page 26 - DIY Investor Magazine | Issue 29

What would really underpin banking stocks is whether the relentless pressure on net interest margins and weak loan growth starts to ease as economic recovery, supported by significant fiscal stimulus, results in a reassessment of the inflation outlook and interest rate trends.
Macro trends such as rising inflationary pressures and economic recovery are supportive, bank valuations remain very cheap against the market and, in absolute terms, they offer investors high and rising dividend yields and recovering top-line growth through margins and loan growth.
Most fund managers remain very underweight the sector and there has already been evidence of material outperformance when sentiment changes.
A reallocation back to what remains a very large sector seems more than past due.
More information about Polar Capital Global Financials Trust here > To buy this trust login to your EQi account
Select Polar Capital Global Financials Trust (PCFT) - GB00B9XQT119
Following strong demand in the financials sector, the Board of the Polar Capital Global Financials Trust has announced the publication of a Prospectus for a Placing, Open Offer, Offer for Subscription and Intermediaries Offer to issue new C shares to satisfy further demand from investors.
A Shareholder General Meeting will be held at 9am on Wednesday, 16 June 2021 and the offer of C shares is now available for subscription until 1pm on Wednesday, 16 June 2021. Find out more.
Important information: This article constitutes a financial promotion pursuant to section 21 of the Financial Services and Markets Act 2000 and has been prepared and issued by Polar Capital LLP (“Polar Capital”). Polar Capital is a limited liability partnership with registered number OC314700, which is authorised and regulated by the
UK Financial Conduct Authority (“FCA”) and is registered as an investment advisor with the US Securities & Exchange Commission (“SEC”). A list of members is open to inspection at the registered office, 16 Palace Street, London, SW1E 5JD. This document does not constitute, or form part of, any offer or invitation to sell or purchase, or any solicitation of any offer to purchase or subscribe for, any shares in the Company in any jurisdiction nor shall it, or any part of it, or the fact of its distribution, form the basis of or be relied on in connection with or act as any inducement to enter into, any contract therefore. It is for information purposes only and is not designed to contain information material to an investor’s decision to invest in the Company. Polar Capital is not rendering legal or accounting advice through this announcement; viewers should contact their legal and accounting professionals for such information. All opinions and estimates in this announcement constitute the best judgement of Polar Capital as of the date hereof, but are subject to change without notice, and do not necessarily represent the views of Polar Capital. Potential investors should be aware that any investment in the Company is speculative, involves a high degree of risk, and could result in the loss of all or substantially all their investment. Results can be positively or negatively affected by market conditions beyond the control of the Company or any other person. This document may include statements that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. This document has not been approved by any competent regulatory or supervisory authority.
DIY Investor Magazine | Jun 2021 26