A $6-billion asset manager just launched its second mutual fund, ever. Don't expect a third to follow anytime soon.

On December 30, Polen Capital [profile] released the Polen Global Growth Fund. Stan Moss, CEO of the Boca Raton, Florida-based shop, tells MFWire that Polen might work on launching a separate international (i.e. global minus the U.S.) growth fund in three to five years.

"There's nothing imminent," Moss says.

Indeed, Polen has stayed very focused. The firm is now in its 37th year, and it launched its flagship focused large cap growth strategy (available in separate account form and as a mutual fund, the $400-million, two-star Polen Growth Fund) 26 years ago; the mutual fund dates back a little more than four years. The new global growth equity strategy, like the fund based on it, was launched on December 30, and it is only Polen's second strategy. Both strategies are also available in SMA and UCITS formats, too.

"We're very focused on what we do: investing in very high quality and durable businesses, with high conviction," Moss says.

He adds that launching a global version of its flagship strategy is "a natural extension" of Polen's investment process. And he points to a projected slight tailwind of positive net flows into global equities over the next five years.

In terms of distribution, about half of Polen's $6 billion in assets under management comes from institutions. The other half is in the high net worth channel, through RIAs and wirehouses.

"We're a diamond in the rough," Moss says. 

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