1Q2023 – Emerging Markets Growth Commentary
We remain focused on owning companies with competitive advantages that we believe can compound earnings and cash flows over the long term
Polen Emerging Markets ex China Growth
Investment Objective
Our Emerging Markets ex China Growth strategy seeks to achieve long-term growth by building a concentrated portfolio of competitively advantaged emerging markets businesses domiciled outside of China with sustainable, above-average earnings growth.
Why Invest in Polen Emerging Markets ex China Growth?
- Global emerging markets growth strategy with a strong emphasis on sustainable earnings growth
- Focus on companies with high returns on capital and deep competitive moats
- Concentrated portfolio of 25-40 high-quality growth companies
- Low portfolio turnover with long-term holding periods
A High Conviction & Quality Approach
We believe that consistent earnings growth is the primary driver of intrinsic value and long-term stock appreciation. We seek to invest in companies with a durable earnings profile driven by a sustainable competitive advantage, financial strength, sound ESG practices, proven management teams, and powerful products/services. By thinking and investing like a business owner and taking a long-term investment approach, we believe we can preserve capital and provide stability across market cycles.
Product Profile
| Number of holdings | 25-40 |
|---|---|
| Style | Growth |
| Benchmark | MSCI Emerging Markets ex-China Index |
Expertise in High Quality Growth Investing
Damian Bird, CFA
Head of Team, Portfolio Manager & Analyst, Emerging Markets Growth
14 years of experience
Head of Team, Portfolio Manager & Analyst, Emerging Markets Growth
14 years of experience
Related Perspectives
Press Release: Polen Capital Expands Emerging Markets Capabilities
Franchise will now include six strategies & 10 investment professionals based in London & newly launched Hong Kong office
Tales from Emerging Markets: Vietnam’s Resilience
We believe that Vietnam will remain a bright spot in 2023 despite a more challenging backdrop
Polen Capital Management, LLC is an independent registered investment advisor.
The MSCI Emerging Markets ex China Index is a market capitalization weighted equity index that measures the performance of the large and mid-cap segments across emerging market countries. The index is maintained by Morgan Stanley Capital International. The volatility and other material characteristics of the indices referenced may be materially different from the performance achieved by an individual investor. In addition, an investor’s holdings may be materially different from those within the index. Indices are unmanaged and one cannot invest directly in an index.
ESG refers to Environmental, Social, and Governance criteria. The Global Emerging Markets ex-China Growth strategy integrates material environmental, social, and governance (ESG) factors into research analysis as part of a comprehensive evaluation of a company’s long-term financial sustainability. There is a risk that the investment techniques and risk analyses applied, including but not limited to the integration of ESG factors into the research analysis, will not produce the desired results and that legislative, regulatory, or tax developments may affect the investment techniques available. There is no guarantee that the investment objective will be achieved.