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Polar Capital Income Opportunities A2 Ret Acc

Ranked 4 out of 12 in - Banks & Financials over 12 months
All calculations are in GBP

Managed by

Nick Brind

Born in the UK in 1972, Nick Brind studied Chemistry at Southampton University before attending the London Business School. He began as a portfolio manager with Capel-Cure Myers in 1994 and moved to Exeter Asset Management as a senior fund manager in 1997 and then to New Star in 2005. In 2009, Nick joined HIM Capital which was acquired by Polar Capital and he is now partner at the firm. His focuses on financials and describes his equity strategy as defensive growth and value and adopts a fundamental bond strategy with an added top down view. Cash is not used tactically but derivatives are employed for efficient portfolio management and hedging purposes. Nick holds the Securities Institute diploma and has a master’s degree in finance. In his free time he enjoys the cinema, theatre and music.

Objective

To provide an attractive level of income whilst providing capital growth. The fund will invest primarily in the equity, debt and other securities of financial companies worldwide.

Performance

Banks & Financials over : 31/08/2013 - 31/08/2014

Total Return

Quarterly Performance

to 29/08/2014 Annual Q1 Q2 Q3 Q4
2014 4.1% 1.2% 0.5% 2.3%
2013 20.9% 10.8% 0.7% 2.9% 5.3%
2012 23.0% 7.9% -0.1% 6.3% 7.2%
2011 -7.3% 2.9% 0.4% -12.7% 2.8%
2010 10.2% 4.2% -5.4% 8.6% 2.9%
2009 2.1% 2.1%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

30/06/2014

Top 10 Holdings

Stock Size
GBP Cash 8.79
Sampo Oyj ORD 2.43
Brit Insurance 6.625% 09-Dec-2030 2.33
Lloyds Bank PLC PERP 2.24
Marsh & McLennan Companies Inc ORD 1.95
HSBC Holdings PLC ORD 1.91
ACE Ltd ORD 1.82
National Westminster Bank PLC PERP 1.80
Direct Line Insurance Group PLC ORD 1.73
Provident Financial PLC 8.000% 23-Oct-2019 1.64
30/06/2014

Registered For Sale In

  1. Austria
  2. Belgium
  3. Finland
  4. France
  5. Germany
  6. Ireland
  7. Luxembourg
  8. Netherlands
  9. Norway
  10. Spain
  11. Sweden
  12. Switzerland
  13. United Kingdom

Fund Info

  • Launch date15/10/2009
  • Share Class size81Mn
  • Base currencyGBP
  • ISIN IE00B7456569

Purchase Info

  • Min. initial investment1,000
  • Min. additional investment0

Charges

  • Annual management1.3%

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in GBP).