March 19, 2025 - 21:22
Polen Capital has recently shared insights from its fourth-quarter 2024 investor letter regarding its “Polen Global Growth Strategy.” The letter highlights a significant adjustment in their investment approach, notably the decision to reduce their stake in Airbnb (ABNB). This move is driven by growing concerns over a potential slowdown in business activity, which could impact the broader market landscape.
The past two years have seen global equities achieve a remarkable cumulative return of +45%, based on the MSCI ACWI Index. However, this impressive performance underscores the ongoing unpredictability in the market. Investors are becoming increasingly cautious, recognizing that despite past gains, macroeconomic factors can swiftly alter the investment climate.
In light of these developments, Polen Capital is recalibrating its portfolio to navigate the challenges ahead, reflecting a strategic shift aimed at safeguarding investor interests in a potentially volatile environment. The firm remains committed to adapting its strategies to align with evolving market conditions.
