{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"PIWORLD Investor Podcasts","title":"Polar Capital Global Financials Trust (PCFT) at Mello November 2019","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/bc525caf\"></iframe>","width":"100%","height":180,"duration":2301,"description":"This video can be seen at: https://www.piworld.co.uk/2019/11/18/polar-capital-global-financials-trust-pcft-at-mello-november-2019/\n \nBy Nick Brind, Fund Manager\nIntroduction – 00:18The financial sector 10 yr performance - 01:38Bank balance sheets - 02:10Banks appetite for risk reduced - 03:32Few signs of balance sheet stress – 05:19Banks have significantly more liquidity - 06:17FinTech - 07:37Monzo & Revolut v One Savings Bank & Close Brothers v peer to peer - 08:30Peak regulations for banks? - 14:00How are the banks reacting to challengers? - 16:03Capital return - 18:20US Consumer leverage has fallen - 19:27Have macro concerns outweighed fundamentals - 21:07Bank have significantly de-rated - 22:40Polar Capital Global Financials Trust - 25:43PCFT performance v UK banks and competitor funds - 26:43Top holdings & Geographic exposure - 27:25\nQ&A - 28:18\nPolar Capital Global Financials Trust plc is an investment trust company. The Company's investment objective is to generate for investors a growing dividend income together with capital appreciation. The Company seeks to achieve its objective by investing in a global portfolio consisting of listed or quoted securities issued by companies in the financial sector operating in the banking, insurance, property and other sub-sectors. The portfolio is diversified by geography, industry sub-sector and stock market capitalisation. It may invest through equities, index-linked and other debt securities, cash deposits, money market instruments, foreign currency exchange transactions, forward transactions, index options and other instruments, including derivatives. It offers investors a range of funds diversified by asset class, geographical and sectorial specialisation. The Company's investment manager and advisor is Polar Capital LLP.","thumbnail_url":"https://img.transistorcdn.com/oB5fNE4aIAia_YyTCKvE1PzrZQaD1Fjo_P7m7T9Aw_Y/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9kOTJi/ODBiMzBmOGFhZWJi/MWEzYThkMzAyNmZm/MTdjZi5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}