The Polar Capital Global Financials Trust is a FTSE Small Cap investment trust listed on the London Stock Exchange.
A £175m fund
http://www.polarcapitalglobalfinancialstrust.com/
Top 15 Holdings:-
JPMorgan 3.6% of the fund
Chubb 3.4% of the fund
Wells Fargo 3.0% of the fund
ING Groep 2.6% of the fund
Marsh & McLennan 2.3% of the fund
Fortune Real Estate Investment 2.2% of the fund
Swedbank 2.2% of the fund
Bank of America 2.1% of the fund
Sampo 2.0% of the fund
Toronto-Dominion 2.0% of the fund
Sumitomo Mitsui Financial 2.0% of the fund
First Republic Bank 2.0% of the fund
Citigroup 1.9% of the fund
BNP Paribas 1.9% of the fund
Discover Financial Services 1.8% of the fund
15 holdings make up 35.0 % of the fund
What is interesting is that the fund is at a discount.
Discount -13.91% to be precise.
Meaning you are buying £1 worth of assets for 86.09p.
http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?csi=10625357&action=
A yield of over 3%