Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
"This is a sign not of laziness but of fussiness among Polen's seven-person investment team, which manages $5.9 billion for institutions, independent advisers and high-net-worth investors, a rapid rise from less than $300 million in 2008. The Boca Raton, Florida-based firm runs separately managed accounts (SMAs) as well as U.S.- and European-registered mutual funds. Nearly all of Polen's assets are in its Focus Growth strategy, which invests in U.S. stocks; it launched a global fund this year."
Except for the recent tear, not seeing what this offers over say RPG and/or FDGRX the last 5y. Lower risk, it says. Recent outperformance, well, nothing like it, is there?
Well you have to admit, when the going is tough and someone is bucking the trend, he is either good or lucky or both, and neither of them is bad.
If the fund had sucked up the place and THEN outperformed this year, I would be more suspicious. I'm not going to rush out and buy, however I'm not going to diss it either.
Comments
"This is a sign not of laziness but of fussiness among Polen's seven-person investment team, which manages $5.9 billion for institutions, independent advisers and high-net-worth investors, a rapid rise from less than $300 million in 2008. The Boca Raton, Florida-based firm runs separately managed accounts (SMAs) as well as U.S.- and European-registered mutual funds. Nearly all of Polen's assets are in its Focus Growth strategy, which invests in U.S. stocks; it launched a global fund this year."
From: Polen Capital Article Link
If the fund had sucked up the place and THEN outperformed this year, I would be more suspicious. I'm not going to rush out and buy, however I'm not going to diss it either.