CNM - Polen Capital Q1 2024 Global SMID Company Growth Commentary
2024-05-12 09:25:00 ET
Summary
- Polen Capital is a high-conviction growth investment manager. We scour the globe in search of the highest quality, sustainable companies to invest in.
- Over the first quarter of 2024, the Polen Global SMID Company Growth Composite Portfolio returned 0.00% gross and -0.11% net of fees, versus the 4.99% return of the MSCI ACWI SMID Capitalization Index (the “Index”).
- The top contributors to the Portfolio’s relative performance over the first quarter were Topicus.com, CTS Eventim, and Core & Main.
- The most significant detractors from relative performance were Endava, Shift, and Globant.
- Portfolio turnover remains above normal levels, reflecting the restructuring of the strategy.
Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors....
Polen Capital Q1 2024 Global SMID Company Growth Commentary