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The data and information featured on this web site 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. The iMGP Sicav ( hereafter « iMGP » or « iMGP 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 web site 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. iMGP Funds is an open-ended umbrella investment company established and regulated in Luxembourg. The iMGP Sicav is not open to citizens or residents of the USA or to any other party deemed to be a US person. iMGP Funds’ current Prospectus and Key Investor Information Document, by –laws and the Annual and Half Yearly Reports of the Fund can be obtained on this website or from the iMGP offices at 5, Allée Scheffer, L-2520 Luxembourg or from the Agents and Representatives listed on this website for the specific jurisdictions where iMGP Funds are registered and this marketing document is intended for use only in those specific jurisdictions. Investors are advised that they should consult the Prospectus before seeking to subscribe. Moreover, investors are also advised to consult their legal, financial or tax advisors before taking any investment decisions.

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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 iMGP Funds.

iMGP is a French regulated entity which represents and distributes iMGP Funds 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.

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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.

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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.

iMGP Funds Sicav

The data and information featured on this web site 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. The iMGP Sicav ( hereafter « iMGP » or « iMGP 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 web site 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. iMGP Funds is an open-ended umbrella investment company established and regulated in Luxembourg. The iMGP Sicav is not open to citizens or residents of the USA or to any other party deemed to be a US person. iMGP Funds’ current Prospectus and Key Investor Information Document, by –laws and the Annual and Half Yearly Reports of the Fund can be obtained on this website or from the iMGP offices at 5, Allée Scheffer, L-2520 Luxembourg or from the Agents and Representatives listed on this website for the specific jurisdictions where iMGP Funds are registered and this marketing document is intended for use only in those specific jurisdictions. Investors are advised that they should consult the Prospectus before seeking to subscribe. 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 iMGP Funds

iMGP is a French regulated entity which represents and distributes iMGP Funds 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.

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iMGP US Small and Mid Company Growth

Rayna Lesser Hannaway
Gestora, Polen Capital

Inversión ESG desde la perspectiva del crecimiento de las pequeñas empresas

Rayna Lesser Hannaway, gestora de la cartera del fondo iMGP US Small and Mid Company growth, explica a Alberto Martínez Peláez su opinión sobre la sostenibilidad

¿Cuál es su opinión sobre la sostenibilidad?

Nuestro objetivo es invertir en empresas que creemos que están posicionadas para ofrecer un valor único a las partes interesadas hoy y en el futuro. En nuestro análisis, nos centramos en los aspectos empresariales que consideramos importantes para los intereses de las partes interesadas a largo plazo. Consideramos que las métricas financieras y los factores clasificados como medioambientales, sociales y de gobernanza ("ESG") están interrelacionados y son esenciales para una comprensión global del negocio y su fortaleza financiera.
Nos centramos en "hacer lo correcto" para nuestros clientes, colegas, la comunidad y el medio ambiente, y esperamos lo mismo de las empresas en las que invertimos.

Alberto Martínez Peláez,
Director - Distribution (Iberia, Us Offshore & LATAM)

Usted ha hablado antes de tener una mentalidad total de las partes interesadas. ¿Qué quiere decir con eso?

Creemos que los comportamientos de la dirección y de la empresa que permiten e impulsan
la creación de valor a largo plazo se solapan ampliamente con las prácticas ASG. Por lo tanto, no pensamos en la ASG como un proceso separado, sino como un conjunto de características integradas en nuestra investigación de inversiones a través de una mentalidad total de las partes interesadas. Creemos que esta mentalidad impulsa comportamientos que pueden, a su vez, sostener la creación de valor a largo plazo.

Nos centramos en "hacer lo correcto" para nuestros clientes, colegas, la comunidad y el medio ambiente, y esperamos lo mismo de las empresas en las que invertimos.

Tienes una cartera bastante concentrada, ¿no es arriesgado?

Muchos inversores pueden suponer que la diversificación de una cartera puede reducir el riesgo y la volatilidad. Esto puede ser cierto en determinadas circunstancias. Sin embargo, la diversificación puede tener potencialmente efectos adversos en una cartera de inversión de pequeña capitalización, especialmente cuando requiere que los inversores se desplacen más lejos en el espectro de riesgo para lograr esa diversificación.
Nuestra experiencia nos ha demostrado que diversificar más allá de una cartera de 25-35 acciones podría llevar a poseer empresas de menor calidad que son intrínsecamente más arriesgadas. Poseer más empresas también tiene el potencial de reducir la rentabilidad y producir resultados indiferenciados frente a un índice más amplio.

Habla de obtener rendimientos compuestos, ¿puede hablarnos más de ello?

Es fundamental tener en cuenta que el crecimiento no siempre equivale a la capitalización. La capitalización significa que, para una inversión realizada, los rendimientos se obtienen tanto de la inversión principal como de las ganancias o los intereses obtenidos a lo largo del tiempo. Por lo tanto, la capitalización sólo se produce en conjunción con los beneficios actuales, las oportunidades de crecimiento atractivas y la reinversión. El crecimiento de los beneficios y los ingresos, por muy impresionantes que sean, no son suficientes si una empresa no reinvierte esos beneficios en oportunidades de alto rendimiento, según nuestras investigaciones.
Según nuestra experiencia, las grandes empresas florecen a través de la evolución, no de la combustión espontánea, y creemos que las empresas que buscan mantener su ventaja competitiva deben jugar el juego infinito y encontrar constantemente formas de hacer crecer su oferta de productos, expandirse geográficamente o atraer nuevos clientes.

¿ Quieres saber más sobre iMGP US Small and Mid Company Growth ?

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Gestionado por

Fundada en 1979, Polen Capital es una gestora de activos con sede en Boca Ratón (Florida, EE.UU.). Se especializa en acciones de crecimiento en Estados Unidos y en el mundo y aplica una gestión.

66 millones de dólares en activos a finales de diciembre de 2023.
Las cifras de activos incluyen activos discrecionales y no discrecionales.

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