The Polen International Growth portfolio applies the same philosophy and process used in the Focus Growth and Global Growth portfolios, but invests exclusively in businesses domiciled outside of the United States. As such, we will make adjustments to compensate for macro-economic and country-specific influences that can impact the relative performance of foreign stocks.
The International Growth strategy seeks investments in competitively advantaged foreign businesses with long-term growth opportunities and strong financial positions. The strategy specifically offers:
We will avoid businesses that are cyclical, commoditized or state-controlled. We also avoid or minimize exposure to businesses located in countries with excessive currency or inflation risk, or with a political system that does not foster viable and transparent business growth.