Tom Dorner joined Proactive's Stephen Gunnion to discuss the outlook for global financial stocks, recent portfolio moves and the impact of AI across banking and insurance. Tom said higher, more normalised interest rates have supported stronger returns on equity across the sector after years of near-zero rates. During recent volatility, the trust reduced some European bank exposure and used put options for protection — but also took advantage of weakness to buy UK motor insurer Admiral and Asian banking group Standard Chartered.

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