Montgomery IM partners with Polen Capital
Montgomery Investment Management has partnered with Polen Capital to create two Polen Capital global growth strategies for Australian investors.
In an announcement, Montgomery said there would be a minimum investment of $25,000 and would be open for retail investors and financial advisers.
The first strategy to open would be the Polen Capital Global Growth Fund, which would invest in a concentrated, low-turnover portfolio of 25 to 35 high-quality growth businesses from around the world and would be available from mid-March.
The firm said that in the first six years, this strategy delivered a compound annual return, in Australian dollars, of 16.42% after fees, against the benchmark MSCI ACWI Net Total Return Index, in Australian dollars, of 10.77%.
The second strategy was Polen Capital Global Emerging Markets Growth Fund, a new fund that invested in a concentrated portfolio of outstanding emerging markets businesses with competitive advantages and the potential for sustained superior growth. This strategy would be expected to become available to Australian investors from mid-year, the firm said.
“Montgomery Investment Management and Polen Capital share a commitment to investing in high-quality companies with strong growth prospects over the longer term,” Montgomery’s chief investment officer, Roger Montgomery, said.
“We entered into this partnership after extensive due diligence and have been particularly impressed by Polen Capital’s investment performance, employee-owned culture and commitment to making ESG analysis a fully integrated part of its investment process,” he added.
Polen Capital, which was established in 1979 and with offices in the US and UK. It managed close to US$60 billion ($77.6 billion) in total assets.
The firm invested in companies worldwide that had consistent earnings growth, with an approach to invest for the long haul and with a business owner’s mindset, giving the companies it invested in time to grow, it said.
AUTHOR
Oksana Patron
Recommended for you
Equity Trustees has paid three infringement notices issued by ASIC in which the corporate regulator alleged it made misleading statement about investments in a sustainable bond fund.
Only three active asset managers are forecast to see positive flows through to FY29, according to Morningstar, with those focused on specialist fixed income in the best position as investors move to defensive asset allocations.
Platinum Asset Management has provided an update on the possibility of a merger with asset manager L1 Capital following a period of due diligence.
Fund manager Pacific Current has appointed a former superannuation chief executive as its newest chair, succeeding Tony Robinson who departs after almost a decade to focus on his role at COG Financial.
