Investment trust Polar Capital Global Financials represents a big market play on economic recovery. If the world economy bounces back as many experts anticipate it will, the trust should enjoy good fortune as its portfolio of economically sensitive stocks performs well. But if growth is interrupted by economic disruption from further coronavirus outbreaks, the outlook for the trust will be challenging. 'This is a trust that is very sensitive to the macroeconomic backdrop,' admits Nick Brind, one of three managers who have responsibility for overseeing the fund's portfolio. Although the trust's shares fell somewhat alarmingly as coronavirus took grip last year, they have bounced back strongly – by 47 per cent over the past six months.