Update research from QuotedData

RNS Number : 3598Q
Polar Capital Global Financials Tst
25 February 2021
 

Polar Capital Global Financials Trust - Update research from QuotedData

 

25th February 2021

 

 

The tide has turned

Having played a supporting role in the initial phase of the stock market recovery - breaking historical precedent in the process - the share prices of financial stocks, and banks in particular, have come back sharply since November. Demand for its shares meant that Polar Capital Global Financials Trust's (PCFT's) premium rating was recently at its highest level in more than five years, paving the way for share issuances. Banks were well-capitalised going into the pandemic, so the much-milder-than-expected impact on loan defaults to date, coupled with the prospect of economies gradually re-opening, is shifting the discussion forward to the potential impact of pandemic stimulus on inflation, and ultimately increases in interest rates. Meanwhile, distributions, in the form of dividends and share buybacks, are returning and billions of dollars' worth of loan reserves are being released unused.

 

Full research:

https://quoteddata.com/research/polar-capital-global-financials-trust-tide-turned-qd/

 

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