2Q2020 – Global Growth Commentary
We continue to have conviction in the strength and durability of the businesses we own and believe that most, if not all of them, will emerge from this period stronger.
Perspectives
2Q2020 – International Growth Commentary
Quality companies, in our view, are well capitalized, profitable, and generate better-than-average returns on capital. We think owning a Portfolio of such businesses allows us to ride out the occasional storm.
A Business Owner’s Mindset: Investing Through a Pandemic
All-season durable growth companies, in our experience, are led by management teams that focus on long-term value creation—they operate with a business owner’s mindset.
1Q2020 – International Small Company Growth Commentary
We want to own businesses that self-fund and have the flexibility to make thoughtful long-term investments that could make the enterprise stronger.
1Q2020 – U.S. Small Company Growth Commentary
We focus solely on profitable companies that we believe have durable competitive advantages, self-funding business models, positive cash flow, attractive balance sheets, and favorable liquidity positions.
1Q2020 – Focus Growth Commentary
We prefer to have an allocation to “safety” businesses that we believe will be significantly less impacted during periods of economic stress. These companies often provide ballast during market drawdowns.
1Q2020 – Global Growth Commentary
Since inception, and for the more than 30 years that we have been executing our investment discipline, we have consistently captured less of the market’s downside during difficult times.
1Q2020 – International Growth Commentary
Our active approach to international markets employs Polen Capital’s time-tested guardrails, which steer us clear of investments in highly cyclical corners of the market, like banking and energy.
Asset TV MASTERCLASS: Small-Cap Investing Featuring Rayna Lesser Hannaway
Watch Portfolio Manager Rayna Lesser Hannaway discuss the potential advantages of Polen Capital’s approach to U.S. small company investing
Outperformance in the Next Bear Market?
Understanding the recent shift in market structure & its potential short-term effects on our relative investment performance