Scegli il Paese in cui sei per vedere i contenuti locali :
Disclaimer
Si prega di leggere il disconoscimento

YOUR USE OF THIS WEBSITE REQUIRES FULL ACCEPTANCE WITHOUT RESERVATION ON YOUR PART OF THE CONDITIONS OUTLINED BELOW. IF YOU DO NOT ACCEPT THESE CONDITIONS, DO NOT ACCESS THE WEB SITE OR ANY OF ITS PAGES.

Important Information

The content of this website is intended to Professional Investors. If you are a Private Investor, you should ensure to select the correct investor category when you enter this site, as failure to do so may result in you accessing material about investment funds and investment services which may not be suitable for you and/or may not be available for you to invest in.

Limited access

The information provided herein is also intended for Users in territories where it is permissible for Users to access information. This website may indeed contain information about funds established in different jurisdictions and/or investment services offered too. Please consult the specific sections and material to obtain more information. Users are responsible for ascertaining they are legally authorized to consult the information herein and should therefore ensure the investor category chosen to enter this website is correct.

Use of Cookies

Cookies help us collect data about you and how you use our website. For example, we are interested in knowing which internet browser is used, how long you visited the website and which pages you looked at. Information gathered are used to understand how we can improve the design and functionality of our website to better serve you in future. However, if you wish to restrict the cookies set by us or by any third-party sites, you may generally disable cookies in your internet browser. Your browser help function should let you know how to do this. Please keep in mind that restricting cookies may impact your experience and the functionality on this website.

The Interactive Advertising Bureau has produced a guide which explains how cookies work and how they are managed. Please visit www.allaboutcookies.org to read more on this subject.

OYSTER

The data and information featured on this website are provided free of charge and solely for information purposes. The information contained herein constitutes neither an offer to purchase nor a solicitation to sell and may not be construed as an investment recommendation on the part of iM Global Partner Asset Management or other entities of the group iM Global Partner, its affiliates, managers, officers, or employees (hereafter « iMGP ») and has no legal or contractual value. Furthermore, any reference to a specific security in any published material is included by way of illustrative example and should not be construed as a recommendation to purchase, hold or sell such a security nor does it in any manner constitute the provision of investment advice in relation to same. OYSTER ( hereafter « OYSTER », « OYSTER Funds » or « Fund ») has not taken any measures to adapt to each individual investor who remains responsible for his own independent decisions. Any investment in the funds presented on the website must be made in conformity with the related legal documentation in force (prospectus, key investor information documents), as approved, where applicable, by the regulatory authority in your country. Oyster is an open-ended umbrella investment company established and regulated in Luxembourg. OYSTER is not open to citizens or residents of the USA or to any other party deemed to be a US person. OYSTER’s current prospectus, key investor information document, by-laws and the annual and, if any subsequent, the semi-annual reports of the Fund can be obtained on this website or from the OYSTER offices at 5, Allée Scheffer, L-2520 Luxembourg or from the Agents and Representatives listed on this website for the specific

jurisdictions where OYSTER is registered. Investors are advised that they should consult the Prospectus before seeking to subscribe and for further details on the risks involved. Moreover, investors are also advised to consult their legal, financial or tax advisors before taking any investment decisions.

Investors are reminded that past performance is not an indicator of future returns, nor does it guarantee future profits, and that they risk, in some cases, losing all or part of the amount initially invested. An investment may increase or decrease by virtue, in particular, of market fluctuations and exchange rate variations in the currency in which the Sub-fund is invested where this differs from the currency of the shareholder.

Disclosure in respect of iM Global Partner Asset Management

Any reference to iM Global Partner Asset Management (« iMGP AM ») or iM Global Partner (« iMGP ») in the material published on this website should be construed as being a reference to one or more of the legal entities, listed below, dependent on the particular jurisdiction in which it is being accessed.

iMGP AM is the Luxembourg management company of OYSTER.

iMGP is a French regulated entity which represents and distributes OYSTER that have been registered in France having branches in Italy, Spain, Germany and also subsidiaries in Switzerland and in the UK for that purpose. iMGP AM is also a subsidiary of iMGP.

Use of links

This website may direct you to automatic links to other websites. Use of these links is made at your own risk. iMGP and the Fund will not have developed, verified the accuracy or scrutinised the data contained in the aforementioned links. iMGP and the Fund may not be held responsible for damage or losses caused by delays, defects or omissions that may exist in the real, indicated or indirect services, information or other content provided on this site. iMGP and the Fund give no guarantee, makes no declaration and will not be held responsible for any content transmitted by electronic means to a third party, including the accuracy, subject, quality or the appropriate character of said content.

Copyrights and Trademarks

The entire content of this website is subject to copyright with all rights reserved to iMGP and the Fund. You may download or print out a hard copy of individual pages and/or sections of the website, provided that you do not remove any copyright or other proprietary notices. Any downloading or otherwise copying from the website will not transfer title to any software or material to you. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into or use for any public or commercial purpose the website without the prior written permission of iMGP.

By clicking on the « Accept » button, you expressly acknowledge that you have read the aforementioned and that you are authorized by the applicable law to access this website.

YOUR USE OF THIS WEBSITE REQUIRES FULL ACCEPTANCE WITHOUT RESERVATION ON YOUR PART OF THE CONDITIONS OUTLINED BELOW. IF YOU DO NOT ACCEPT THESE CONDITIONS, DO NOT ACCESS THE WEB SITE OR ANY OF ITS PAGES.

Important Information

The content of this website is intended to Professional Investors. If you are a Private Investor, you should ensure to select the correct investor category when you enter this site, as failure to do so may result in you accessing material about investment funds and investment services which may not be suitable for you and/or may not be available for you to invest in.

Limited access

The information provided herein is also intended for Users in territories where it is permissible for Users to access information. This website may indeed contain information about funds established in different jurisdictions and/or investment services offered too. Please consult the specific sections and material to obtain more information. Users are responsible for ascertaining they are legally authorized to consult the information herein and should therefore ensure the investor category chosen to enter this website is correct.

Use of Cookies

Cookies help us collect data about you and how you use our website. For example, we are interested in knowing which internet browser is used, how long you visited the website and which pages you looked at. Information gathered are used to understand how we can improve the design and functionality of our website to better serve you in future. However, if you wish to restrict the cookies set by us or by any third-party sites, you may generally disable cookies in your internet browser. Your browser help function should let you know how to do this. Please keep in mind that restricting cookies may impact your experience and the functionality on this website.

The Interactive Advertising Bureau has produced a guide which explains how cookies work and how they are managed. Please visit www.allaboutcookies.org to read more on this subject.

OYSTER

The data and information featured on this website are provided free of charge and solely for information purposes. The information contained herein constitutes neither an offer to purchase nor a solicitation to sell and may not be construed as an investment recommendation on the part of iM Global Partner Asset Management or other entities of the group iM Global Partner, its affiliates, managers, officers, or employees (hereafter « iMGP ») and has no legal or contractual value. Furthermore, any reference to a specific security in any published material is included by way of illustrative example and should not be construed as a recommendation to purchase, hold or sell such a security nor does it in any manner constitute the provision of investment advice in relation to same. OYSTER ( hereafter « OYSTER », « OYSTER Funds » or « Fund ») has not taken any measures to adapt to each individual investor who remains responsible for his own independent decisions. Any investment in the funds presented on the website must be made in conformity with the related legal documentation in force (prospectus, key investor information documents), as approved, where applicable, by the regulatory authority in your country. Oyster is an open-ended umbrella investment company established and regulated in Luxembourg. OYSTER is not open to citizens or residents of the USA or to any other party deemed to be a US person. OYSTER’s current prospectus, key investor information document, by-laws and the annual and, if any subsequent, the semi-annual reports of the Fund can be obtained on this website or from the OYSTER offices at 5, Allée Scheffer, L-2520 Luxembourg or from the Agents and Representatives listed on this website for the specific

jurisdictions where OYSTER is registered. Investors are advised that they should consult the Prospectus before seeking to subscribe and for further details on the risks involved. Moreover, investors are also advised to consult their legal, financial or tax advisors before taking any investment decisions.

Investors are reminded that past performance is not an indicator of future returns, nor does it guarantee future profits, and that they risk, in some cases, losing all or part of the amount initially invested. An investment may increase or decrease by virtue, in particular, of market fluctuations and exchange rate variations in the currency in which the Sub-fund is invested where this differs from the currency of the shareholder.

Disclosure in respect of iM Global Partner Asset Management

Any reference to iM Global Partner Asset Management (« iMGP AM ») or iM Global Partner (« iMGP ») in the material published on this website should be construed as being a reference to one or more of the legal entities, listed below, dependent on the particular jurisdiction in which it is being accessed.

iMGP AM is the Luxembourg management company of OYSTER.

iMGP is a French regulated entity which represents and distributes OYSTER that have been registered in France having branches in Italy, Spain, Germany and also subsidiaries in Switzerland and in the UK for that purpose. iMGP AM is also a subsidiary of iMGP.

Use of links

This website may direct you to automatic links to other websites. Use of these links is made at your own risk. iMGP and the Fund will not have developed, verified the accuracy or scrutinised the data contained in the aforementioned links. iMGP and the Fund may not be held responsible for damage or losses caused by delays, defects or omissions that may exist in the real, indicated or indirect services, information or other content provided on this site. iMGP and the Fund give no guarantee, makes no declaration and will not be held responsible for any content transmitted by electronic means to a third party, including the accuracy, subject, quality or the appropriate character of said content.

Copyrights and Trademarks

The entire content of this website is subject to copyright with all rights reserved to iMGP and the Fund. You may download or print out a hard copy of individual pages and/or sections of the website, provided that you do not remove any copyright or other proprietary notices. Any downloading or otherwise copying from the website will not transfer title to any software or material to you. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into or use for any public or commercial purpose the website without the prior written permission of iMGP.

By clicking on the « Accept » button, you expressly acknowledge that you have read the aforementioned and that you are authorized by the applicable law to access this website.

Torna indietro

OYSTER US Small and Mid Company Growth

Rayna Lesser
Gestore, Polen Capital

Cercare la robustezza nelle società small e mid cap

Rayna Lesser Hannaway, portfolio manager del fondo OYSTER US Small and Mid Company growth, discute con Marco Orsi l'applicazione della filosofia d'investimento di Polen Capital alle piccole e medie società statunitensi.

Può spiegare la sua metodologia e la strategia Polen U.S. Small and Mid company Growth?

Polen Capital è stata fondata nel 1979 e ha lanciato la strategia Polen Focus Growth nel 1989. Quindi, per più di 30 anni abbiamo costantemente implementato un approccio growth focalizzato sulla qualità decidendo gli investimenti come se fossimo degli imprenditori. Abbiamo lanciato la nostra strategia U.S. Small Company Growth quattro anni fa con la stessa mentalità: identificare le migliori aziende tra le small e mid cap da mantenere a lungo termine. Abbiamo un approccio di collaborazione tra il nostro team Small Company Growth guidato da Tucker Walsh: io gestisco la strategia OYSTER U.S. Small and Mid Company Growth ma lavoro a stretto contatto con i miei sei colleghi, che hanno in media quindici anni di esperienza.

Marco Orsi,
Director Distribution Italy, Greece & Ticino

Come trovate le "migliori" aziende?

Abbiamo dei parametri molto alti per far entrare una società nel portafoglio. Gestiamo un portafoglio molto concentrato, specialmente per la categoria small-cap. Possediamo da 25 a 35 titoli, quindi abbiamo una quota attiva molto alta e siamo convinti delle aziende che possediamo.
Per avere questa convinzione, dobbiamo avere una struttura che chiamiamo il nostro volano di investimento. Questo volano prevede che una società abbia una forte posizione competitiva e con buone prospettive a lungo termine. Ciò significa anche che l'azienda deve avere un processo di vendita ripetibile e continuare a generare robusti margini di crescita organica e flussi di cassa. Deve anche essere gestita da un team efficace ed abile a reinvestire nuovamente nel business per continuare la crescita e mantenere o rafforzare la posizione competitiva. Ecco perché la consideriamo un volano.

Possediamo da 25 a 35 titoli, quindi abbiamo una quota attiva molto alta e siamo convinti delle aziende che possediamo.

Quanto è lungo il vostro orizzonte temporale d’investimento?

Generalmente guardiamo a tre a cinque anni. Vogliamo investire in aziende che stiano beneficiando di una tendenza che persisterà dai tre ai cinque anni. Vogliamo vedere un apprezzamento adeguato durante il nostro periodo di detenzione.
Una cosa importante da notare è che le aziende davvero ben gestite potrebbero avere qualche intoppo a breve termine. Ma, secondo la nostra esperienza, se il team di gestione è agile e ha una cultura in grado di adattarsi alle situazioni, queste aziende possono trovare il modo di continuare a crescere e anche generare la liquidità necessaria per mantenere il forte modello di business. Dipende davvero dall'azienda, e riteniamo che le aziende che possediamo siano adatte non solo a sopravvivere in questo periodo, ma anche , in alcuni casi, a prosperare.

Una cosa importante da notare è che le aziende davvero ben gestite potrebbero avere qualche intoppo a breve termine

La pandemia ha influenzato la scelta dei titoli che scegliete?

Crediamo davvero che alcune delle tendenze che erano in atto prima della pandemia avranno probabilmente un effetto di accelerazione poiché le persone hanno dovuto imparare a lavorare in modo un po' diverso. Molti di noi lavorano in remoto, e questo creerà abitudini diverse. Una delle aree che crediamo continuerà a beneficiare è il movimento verso il cloud. Nel nostro portafoglio, abbiamo una società che fornisce soluzioni basate sul cloud per amministratori di immobili e per l'industria legale servendo piccole e medie imprese.
Stanno beneficiando della tendenza a lungo termine dello spostamento dei processi manuali verso il cloud. Tutto ciò permette agli amministratori di immobili di piccole e medie dimensioni di fare tutto su applicazioni basate sul cloud fino al livello del cliente. Questo include anche la capacità di fornire tour virtuali, che possono aiutare in situazioni in cui le persone non possono essere fisicamente presenti.

Volete saperne di più su OYSTER US Small and Mid Company Growth

La filosofia d'investimento

Approfondisci

Performancce del fondo

Clicca qui

Gestito da

Fondata nel 1979, Polen Capital è una società di gestione patrimoniale con sede a Boca Raton (Florida, USA). Specializzata in titoli azionari statunitensi e globali growth, implementa una gestione concentrata con un approccio prudente e a lungo termine.

66.7 miliardi di dollari di attività alla fine di aprile 2021

Visita Polen Capital

Volete saperne di più su l’intera gamma OYSTER

Contattateci