Polen Capital Introduces ETFs To Target Floating-Rate Loans, High-Yield Bonds
Polen Capital's ETF Expansion: Polen Capital has launched two new ETFs, the Polen Floating Rate Income ETF (PCFI) and the Polen High Income ETF (PCHI), aimed at providing investors with income-generating options amidst inflation and market volatility.
Investment Strategies: PCFI focuses on high current income through senior secured floating-rate loans, while PCHI employs a disciplined approach to capitalize on opportunities in high-yield bonds and leveraged loans, both contributing to Polen Capital's growing ETF portfolio now managing nearly $200 million in assets.
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Polen Global Growth Includes NVIDIA, Broadcom, TSMC, Boston Scientific, and Uber; Sells Off ADP, Airbnb, and Accenture
Portfolio Performance: The Polen Global Growth Composite Portfolio achieved a 3.0% gross return and a 2.7% net return in Q3.
New Investments: The fund initiated new positions in companies like NVIDIA, Broadcom, TSMC, Boston Scientific, and Uber, while also increasing stakes in existing holdings.
Position Adjustments: To optimize the portfolio, the fund sold off positions in ADP, Airbnb, Accenture, and Thermo Fisher Scientific, and made selective reductions in other areas.
Growth Expectations: The fund projects earnings growth of approximately 20% per year in the near term, believing a mid-thirties valuation multiple is justified for this growth rate.
Polen Capital Introduces ETFs To Target Floating-Rate Loans, High-Yield Bonds
Polen Capital's ETF Expansion: Polen Capital has launched two new ETFs, the Polen Floating Rate Income ETF (PCFI) and the Polen High Income ETF (PCHI), aimed at providing investors with income-generating options amidst inflation and market volatility.
Investment Strategies: PCFI focuses on high current income through senior secured floating-rate loans, while PCHI employs a disciplined approach to capitalize on opportunities in high-yield bonds and leveraged loans, both contributing to Polen Capital's growing ETF portfolio now managing nearly $200 million in assets.
Visa Rolls Out New Tech Rivaling Apple Pay, Teams Up with Affirm for Easier Transactions
What's Going On With Visa Shares Today
Why Is Software Megacap ADP's Stock Trading Higher Today?
Why Is Software Megacap ADP's Stock Trading Higher Today?
- Financial Performance: ADP reported Q3 2024 revenues of $5.25 billion, beating analyst expectations, with a 7% increase year-over-year.
- Earnings and Margins: Quarterly adjusted EPS was $2.88, surpassing analyst estimates, while Adjusted EBIT increased by 12% to $1.5 billion with a margin increase of 140 bps to 29.3%.
- Net Earnings: Net earnings rose by 14% Y/Y to $1.2 billion, and adjusted net earnings increased by 13% Y/Y to $1.2 billion.
- Outlook and Financial Position: ADP reiterated its revenue growth outlook for FY24 and held $3.3 billion in cash and equivalents as of March 31, 2024.
- Stock Performance and Investment Opportunities: ADP stock gained 12% in the last 12 months, and investors can access it through ETFs like DIVL and PCGG.
Polen Global Growth Includes NVIDIA, Broadcom, TSMC, Boston Scientific, and Uber; Sells Off ADP, Airbnb, and Accenture
Portfolio Performance: The Polen Global Growth Composite Portfolio achieved a 3.0% gross return and a 2.7% net return in Q3.
New Investments: The fund initiated new positions in companies like NVIDIA, Broadcom, TSMC, Boston Scientific, and Uber, while also increasing stakes in existing holdings.
Position Adjustments: To optimize the portfolio, the fund sold off positions in ADP, Airbnb, Accenture, and Thermo Fisher Scientific, and made selective reductions in other areas.
Growth Expectations: The fund projects earnings growth of approximately 20% per year in the near term, believing a mid-thirties valuation multiple is justified for this growth rate.
Polen Capital Introduces ETFs To Target Floating-Rate Loans, High-Yield Bonds
Polen Capital's ETF Expansion: Polen Capital has launched two new ETFs, the Polen Floating Rate Income ETF (PCFI) and the Polen High Income ETF (PCHI), aimed at providing investors with income-generating options amidst inflation and market volatility.
Investment Strategies: PCFI focuses on high current income through senior secured floating-rate loans, while PCHI employs a disciplined approach to capitalize on opportunities in high-yield bonds and leveraged loans, both contributing to Polen Capital's growing ETF portfolio now managing nearly $200 million in assets.
Visa Rolls Out New Tech Rivaling Apple Pay, Teams Up with Affirm for Easier Transactions
What's Going On With Visa Shares Today
Why Is Software Megacap ADP's Stock Trading Higher Today?
Why Is Software Megacap ADP's Stock Trading Higher Today?
- Financial Performance: ADP reported Q3 2024 revenues of $5.25 billion, beating analyst expectations, with a 7% increase year-over-year.
- Earnings and Margins: Quarterly adjusted EPS was $2.88, surpassing analyst estimates, while Adjusted EBIT increased by 12% to $1.5 billion with a margin increase of 140 bps to 29.3%.
- Net Earnings: Net earnings rose by 14% Y/Y to $1.2 billion, and adjusted net earnings increased by 13% Y/Y to $1.2 billion.
- Outlook and Financial Position: ADP reiterated its revenue growth outlook for FY24 and held $3.3 billion in cash and equivalents as of March 31, 2024.
- Stock Performance and Investment Opportunities: ADP stock gained 12% in the last 12 months, and investors can access it through ETFs like DIVL and PCGG.
