Polar Capital is planning to combine the European Financials fund with the Financial Opportunity fund, which launches next month, Investment Week reports. John Yakas, who heads the existing fund, will also handle the new offering. The funds will provide shareholders the option of a rollover if they consider the vehicles to have overlapping themes. The Financial Opportunity fund will have a 35% exposure to Europe at launch. Polar Capital may launch its Dublin-domiciled global fund next month, which will seek out opportunities for investment in the recovering U.S. and European markets, adds Money Marketing.
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