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Montgomery launches Global Small and Mid Cap Fund with Polen Capital

15092021_Polen small and mid cap fund

Montgomery launches Global Small and Mid Cap Fund with Polen Capital

One of the most exciting parts of the market is the small and mid-cap space, where you can find companies that have grown their average annual earnings per share by a sustained 20 per cent. In the cases where these companies can also internally fund their growth, strong long-term investment returns typically follow.

Montgomery Investment Management is pleased to announce it has expanded its partnership with Polen Capital and will launch a new global growth strategy focused on the dynamic small and mid-cap segment, which we expect to open 30 September.

The Polen Capital Global Small and Mid Cap Fund (The Fund) will be an open-ended unit trust with a minimum initial investment of A$25,000. The strategy will enable Australian and New Zealand retail investors and financial advisers to access a concentrated, low-turnover portfolio of 25–35 high-quality small and mid-cap companies from around the world that the Polen Capital team believes can deliver sustained and superior growth.

The Fund will be benchmarked against the MSCI All Country World Index SMID Cap Net Total Return Index, in Australian dollars. The companies held by The Fund are expected to have an average market capitalisation of about US$8 billion and currently include the likes of Etsy, Temenos, Thule and Australia’s own Pro Medicus. The current portfolio is based half in the US and Canada, 29 per cent in Europe including the UK and 21 per cent in Asia Pacific including Japan.

Polen Capital has a long track record of successfully delivering double-digit returns for its clients. The firm was established in 1979 and now has US$71 billion under management and employs 125 staff. It has offices in Boca Raton, Florida (Polen Capital’s headquarters), Boston (where its eight-person small and mid-cap team is based) and London.

Montgomery Investment Management’s partnership with Polen Capital began with the launch of the Polen Capital Global Growth Fund in Australia and New Zealand in March 2021. The fund has started strongly, returning 19.98 per cent (after all fees) for the 5.5 months to 31 August 2021 and outperforming the MSCI All Country World Total Return Index by 3.24 per cent over the same period.

The Polen Capital Global Small and Mid Cap Fund shares the same Polen Capital philosophy of investing in concentrated portfolios of high-quality growth companies, using a disciplined process that incorporates ESG analysis and with a typical holding period of several years. The Polen Capital Small and Mid Cap Growth team is particularly focused on seeking out companies with high returns on capital, delivering annualised double-digit earnings per share growth and that have the potential to become two to five times larger.

To receive more information and the Product Disclosure Statement, please register via our website: Polen Capital Global Small and Mid Cap Fund


Roger is the Founder and Chief Investment Officer of Montgomery Investment Management. Roger brings more than two decades of investment and financial market experience, knowledge and relationships to bear in his role as Chief Investment Officer. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.

This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.

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