Financials: Strong potential hidden by weak sentiment

Nick Brind, Co-fund Manager, Polar Capital Global Financials Trust, writes for MoneyWeek about the positive outlook and recovery potential for the financial sector.

City building and sunlight

“It was the best of times, it was the worst of times.”

While setting the scene for his novel of the extremes of that time, the first sentence of Charles Dickens’ A Tale of Two Cities could easily have been describing the very cyclical nature of financial markets. Those brave enough to buy equities or corporate bonds in March this year, at the height of the pandemic, will have done very well outside a small number of sectors such as energy, hospitality and transport.

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