Investor Dialogue: John Yakas

The manager of Polar Capital’s Asian financials fund talks about the North-South divide, the withdrawal of European competition and problems becoming superregional.
John Yakas
John Yakas

What is driving the performance of Asian financial stocks this year Profitability, growth or sheer resilience
More than anything it is growth. People forget that Asian financials are domestic stocks. The driver of their growth is the domestic consumer. So if you look at Asian economies, exports have been weaker than domestic consumption. Being focused on the area of the economy that is doing relatively well has helped keep loan growth strong and revenues at a reasonable level.

Globally, we are beginning to see some movement of perceptions towards banks and that generally positive tone globally has also helped the sector do better than the market.

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