Our Emerging Markets SMID Growth strategy seeks to achieve capital appreciation by investing in an actively managed portfolio of small and mid cap emerging market securities.
Number of holdings: 30-50
Style: Growth
Benchmark: MSCI Emerging Markets SMID Index
- An emerging markets growth strategy with strong emphasis on sustainable earnings growth at appropriate valuations
- Concentrated portfolio of 30-50 companies with high and sustainable returns on capital, good capital management, and deep competitive moats
- Target earnings and cash flow growth, leading to capital appreciation
- Low portfolio turnover with long-term holding periods
We believe 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, and powerful products/services. We seek well-managed companies potentially able to deliver growth year over year and cashflow growth. Through intensive research, company interaction, and a business owner's long-term approach, we believe we can preserve capital and provide stability across market cycles.
Emerging Markets Growth Leadership
Polen Capital Management, LLC is an independent registered investment advisor.
The MSCI Emerging Markets SMID Cap Index (with net dividends reinvested) captures mid and small cap representation across 24 Emerging Markets countries. With 2,791 constituents, the index covers approximately 29% of the free float-adjusted market capitalization in each country. The index is maintained by Morgan Stanley Capital International.