Los Angeles and Boca Raton – September 6, 2023
iM Global Partner (iMGP) and Polen Capital (Polen) have partnered to launch Polen’s first actively managed, fully transparent exchange-traded fund (ETF) on August 30. The Polen Capital Global Growth ETF (NYSE: PCGG) responds to growing client demand and marks the initial offering in a planned suite of ETFs set to debut in 2024.
“This partnership combines the power of Polen’s investment expertise in active management, coupled with iM Global Partner’s distribution capabilities through its US ETF Platform,” said Jeff Seeley, CEO of iM Global Partner Fund Management.
iMGP will be the investment advisor for Polen Global Growth ETF, while Polen will serve as the subadvisor. The Polen Global Growth ETF will be available through iM Global Partners’ US mutual fund and ETF platform, leveraging iMGP’s extensive relationships and tools for broader distribution. Concurrently, iMGP has an opportunity to widen its ETF platform with four of its Partners now subadvising active ETF’s.
“Polen is committed to expanding our strategies into different vehicle types to meet specific client needs,” said Kevin Dolsen, Head of Distribution at Polen. “Active ETFs offer a great way for clients to access a proven active manager like Polen while benefiting from the product’s tax, liquidity, and transparency advantages. As we continue to grow, we will continue to take our tested high-conviction strategies and match them with structures investors demand.”
Polen Capital has managed accounts using a strategy similar to the Polen Global Growth ETF since 2014. The Polen Global Growth strategy seeks to achieve long-term capital growth through a concentrated portfolio of competitively advantaged businesses with sustainable, above-average earnings growth. It focuses on companies with high returns on capital and double-digit earnings growth, holding them over the long term with little portfolio turnover. The management team of the Polen Global Growth strategy is the same for PCGG, managed by Damon Ficklin and Bryan Power.
To learn more about PCGG, please visit imgpfunds.com/pcgg
|Asset Class||Global Growth|
|Share Class||Active ETF|
|Advisor||iM Global Partner Fund Management|
|Managers||Damon Ficklin Bryan Power|
|Fund Services||State Street Bank|
|Primary Listing Exchange||NYSE|
|Gross Expense Ratio||0.85%|
About iM Global Partner
iM Global Partner is an asset manager with a difference. We are a dynamic network of specialist boutique investment managers, delivering best-in-class solutions, across asset classes, to our discerning Institutional and Professional Investors across the globe. We are proud to call these businesses our Partners and they are the essence of what iM Global Partner stands for: uncovering what we believe to be the best, the very best investment talent. We had around USD $39 billion of assets under management as of end July 2023.
For more information, visit imgp.com
About Polen Capital
Polen Capital is a global investment management firm advising approximately $64 billion in assets (as of June 30, 2023) and providing growth and income investment strategies to a wide range of institutional and individual clients around the world. Since 1989, Polen Capital has been committed to attracting, developing, and retaining exceptional professionals who are aligned with the firm’s mission of preserving and growing clients’ assets to protect their present and enable their future. Polen Capital has four autonomous investment teams, including the Large Company Growth Team, Small Company Growth Team, High Yield Team, and Emerging Markets Growth Team, with offices in Boca Raton, Fla., Boston, London, and Hong Kong. The firm has been recognized by Pensions & Investments as one of the industry’s “Best Places to Work” for each of the past seven consecutive years.
For more information, visit polencapital.com
Jeff Seeley (Los Angeles)
Roselle Mansur (Los Angeles)