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LONDON - Polar Capital Global Financials Trust Plc revealed its top equity holdings and sector exposures as of August 29, with JPMorgan leading the portfolio at 7.0% allocation, according to a press release statement issued Thursday.
The trust’s top 15 equity holdings represent 43.0% of the portfolio, with Mastercard (4.6%), Bank of America (3.9%), Visa (3.2%), and Berkshire Hathaway (3.0%) rounding out the top five positions.
Other significant holdings include UniCredit (2.7%), Globe Life (2.5%), and BPER Banca (2.2%). European banks Erste Group Bank AG and Deutsche Bank AG each represent approximately 2% of the portfolio.
By sector, banks dominate the trust’s investments at 41.6%, followed by financial services at 37.2% and insurance at 16.9%. Fixed income investments account for 3.4%, while equity Real Estate Investment Trusts (REITs) represent 1.0%.
Geographically, North America represents the largest regional exposure at 49.3%, with Europe at 15.3%, Asia Pacific (excluding Japan) at 11.0%, and the United Kingdom at 10.6%. Smaller allocations include Latin America (4.2%), Japan (3.6%), and Eastern Europe (2.7%).
The trust reported a gearing ratio of 0.0%, calculated according to the Association of Investment Companies guidelines.
The monthly factsheet with additional information and investment manager commentary is expected to be available on the company’s website around September 16.
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