FOCUSING ON HIGHEST QUALITY GROWTH COMPANIES WITH MARGINS OF SAFETY PAYS OFF AT POLEN CAPITAL
The shift from COVID lockdown to COVID reopening has been stunning. Depending upon the stage of reopening economies around the world are rebounding.
The markets’ response has been swift and dramatic particularly in the U.S.
So what do you do if you are running a highly concentrated, large-cap growth fund? That is the challenge facing this week’s guest.
Damon Ficklin is head of the Large Company Growth team at Polen Capital.
In his first appearance on WEALTHTRACK, I will begin with the basics. I will ask him to describe Polen’s high conviction, low turnover strategy of focusing on the highest quality growth companies with margins of safety. What does that actually mean?
WEALTHTRACK Episode #1744; Originally Broadcast on April 30, 2021
Listen to the audio-only version here:
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DAMON FICKLIN
- Lead Portfolio Manager,
- Polen Global Growth Fund
ACTION POINT
REVIEW YOUR PORTFOLIO FOR SOME REBALANCING OPPORTUNITIES
- Recent Market Rotation From Growth to Cyclicals Has Been Stunning
- Evidence Mounting of a Powerful Global Economic Rebound From Covid
- Many Former Unloved Cyclical Businesses Becoming Market Leaders
- Sectors Dependent Upon Economic Growth Should Continue to Benefit
ONE INVESTMENT
CENTURY OF GROWTH: BUY ABBOTT LABS
Abbott Laboratories (ABT)
STOCKS
Stock mentions in this episode:
- Adobe Inc (ADBE)
- Alibaba Group Holding Ltd ADR (BABA)
- Accenture PLC (ACN)
- Abbott Laboratories (ABT)
- Visa Inc (V)
- Mastercard Inc A (MA)
- PayPal Holdings Inc (PYPL)
- Microsoft Corp (MSFT)
- Tencent Holdings Ltd ADR (TCEHY)
- Nike Inc (NKE)
- Adidas AG ADR (ADDYY)
- Starbucks Corporation (SBUX)
- Alphabet Inc Class C (GOOG)
- Facebook Inc A (FB)
WEB EXTRA
CULTURE COUNTS
While the COVID experience has been a severe test for many business cultures Polen Capital was already operating a flexible work environment with its ROWE approach, or “Results Oriented Work Environment”. Senior manager, Damon Ficklin discusses some of the personal and professional lessons learned from the pandemic.
