Polen International Small Company Growth’s Q4 2021 Investor Letter

Polen Capital, an investment management firm, published its “Polen International Small Company Growth” fourth quarter 2021 investor letter – a copy of which can be downloaded here. Over the fourth quarter of 2021, the Polen International Small Company Growth Composite Portfolio (the “Portfolio”) returned -0.25% gross and -0.50% net of fees, versus the 0.62% return for the MSCI ACWI ex-US Small Capitalization Index (the “Index”). Over the full-year 2021, the Portfolio returned 10.87% and 9.78% gross and net of fees, respectively, versus 12.92% for the Index.  Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.