bank exposure fund

shazkhan111

I am looking for a fund with high exposure to banks. Anyone have any thoughts?

Thanks in advance

Aegis

First thing to come out of google when searching for "financial opportunities fund": http://www.jupiteronline.co.uk/PI/Our_Products/Unit_Trusts/International_Funds/K2.htm

There are many others, so browse and see what you like.

jon3001

shazkhan111 wrote: »

I am looking for a fund with high exposure to banks. Anyone have any thoughts?

I think Alistair Darling has one.

Ian_W

Aegis wrote: »

First thing to come out of google when searching for "financial opportunities fund": http://www.jupiteronline.co.uk/PI/Our_Products/Unit_Trusts/International_Funds/K2.htm

There are many others, so browse and see what you like.

Jupiter Financial Ops exposure to Banks is only 7.5% according to TRUSTNET - perhaps the reason it made a modest 4% gain over 12 months rather than a stonking great loss!
New Star Globals Financials has 17% in Banks but you may find UK Equity Income funds with greater exposure if it's just UK banks you want. You'd need to do your own research. Hint - look for the ones that have really tanked over the past 12 months! :eek:

turbobob

If you fancy an ETF there's the DB X-tracker DJ Stoxx 600 Banks (XS7R), which invests in a range of UK and European banks - http://www.dbxtrackers.co.uk/EN/showpage.asp?pageid=143&inrnr=151&pkpnr=214

jon3001

Ian_W wrote: »

Jupiter Financial Ops exposure to Banks is only 7.5% according to TRUSTNET - perhaps the reason it made a modest 4% gain over 12 months rather than a stonking great loss!

78% is allocated to cash and bonds - extremely conservative. I suppose the manager is involved in market timing and right now he is sitting the market out.

Aegis

Ian_W wrote: »

Jupiter Financial Ops exposure to Banks is only 7.5% according to TRUSTNET - perhaps the reason it made a modest 4% gain over 12 months rather than a stonking great loss!
New Star Globals Financials has 17% in Banks but you may find UK Equity Income funds with greater exposure if it's just UK banks you want. You'd need to do your own research. Hint - look for the ones that have really tanked over the past 12 months! :eek:

Personally I'd be less than happy with any fund with over 10% in a bank. These aren't companies I currently want to invest in, hence not knowing much about the funds associated with them. Financials seemed like more or less the right sector though.

I should point out that the 7.5% is in bank equities, while 44% is in "fixed interest and non-equity instruments", which would include PIBs and bank corporate bonds. I'd assume that it's got more exposure than just 7.5% to banks, but it's a little tricky to check. There certainly seem to be a lot of treasury bonds, but who knows where else they're invested.

Not my cup of tea, but hey.

Aegis

turbobob wrote: »

If you fancy an ETF there's the DB X-tracker DJ Stoxx 600 Banks (XS7R), which invests in a range of UK and European banks - http://www.dbxtrackers.co.uk/EN/showpage.asp?pageid=143&inrnr=151&pkpnr=214

Now that sounds more like it.

sabretoothtigger

21.21% of a FTSE tracker will be in financials, 20% in oil and 12% in consumer goods.
Tons of people are invested in the banks without realising it

tradetime

Another couple of ETF's that might be of interest.

iShares S&P U.S. Preferred Stock Index Fund (PFF)

PowerShares Financial Preferred Portfolio (Fund) (PGF)

If I was of the mind I might be interested in the second one, it's a more pure play on banks, both have decent yields too

cloud_dog

Nope............. I'd go with Phillip Gibbs, Jupiter Financial Opps............. Funnily enough I have :j

The man must have something about him, he started moving out of financial equities in November 07. I'm happy to let him make the judgement calls for moving back in to financial equities.

cloud_dog