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Polar Capital Global Financials Trust PLC - London-based investor in financial companies for income and capital growth - Underperforms benchmark in half-year that ended May 31, citing market concerns. Total return is negative 2.2% compared to a positive return of 1.7% of its benchmark, the MSCI ACWI Financials Net Total Return Index. Net asset value per share falls to 161.80 pence at May 31 from 162.41p a year ago. Declares a yearly unchanged half-year dividend of 2.40p per share. The financials sector ‘will not be immune to the negative sentiment around the deterioration in the economic outlook,’ says Chair Robert Kyprianou. Adds that lower valuations look very attractive.
Current stock price: 133.70 pence, down 1.7% on Friday
12-month change: down 20%
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