Polar Capital Global Financials Trust plc Fund Data

Despite a resumption of hostilities in the Middle East, global equities were supported in August by resilient economic data and encouraging corporate earnings. Uncertainty on the path of the US-Iran conflict, higher bond yields and the upcoming statements at the Jackson Hole Economic Policy Symposium contributed to market volatility towards the end of the month. The Trust's benchmark, the MSCI All Country World Financials Net Total Return Index, rose 0.7% in August while the Trust's net asset value (NAV) rose 1.4%. The Trust's relative outperformance was supported by bank holdings in Europe, Japan and South Korea along with a strong performance by US asset managers, in particular WisdomTree Investments. This was partially offset by weakness in trading platforms, Asian life insurers and US company Globe Life following second-quarter earnings.

Despite a resumption of hostilities in the Middle East, global equities were supported in August by resilient economic data and encouraging corporate earnings. Uncertainty on the path of the US-Iran conflict, higher bond yields and the upcoming statements at the Jackson Hole Economic Policy Symposium contributed to market volatility towards the end of the month. The Trust's benchmark, the MSCI All Country World Financials Net Total Return Index, rose 0.7% in August while the Trust's net asset value (NAV) rose 1.4%. The Trust's relative outperformance was supported by bank holdings in Europe, Japan and South Korea along with a strong performance by US asset managers, in particular WisdomTree Investments. This was partially offset by weakness in trading platforms, Asian life insurers and US company Globe Life following second-quarter earnings.