Investment manager Polen Capital launched two actively managed growth ETFs earlier this week, aiming to give financial advisors broader access to innovation-focused investment strategies as demand for active funds continues to surge.

The new funds — Polen 5Perspectives Large Growth ETF (NYSE:PCLC) and Polen 5Perspectives Small-Mid Growth ETF (NYSE:PCSG) — are built around themes such as artificial intelligence, electrification, genomics, and aerospace, sectors increasingly drawing investor attention amid the ongoing AI and technology boom.

Laura Graff, head of product strategy at Polen, said advisors are increasingly seeking tax-efficient ways to access differentiated active strategies. The ETFs are managed by Drew Cupps, head of Polen's 5Perspectives Growth Team, formerly known as the firm's Small Caps Growth team, following a rebranding earlier this year to better reflect its broader investment philosophy.

The launch comes as active ETFs continue to capture record inflows globally. Goldman Sachs data released earlier this year showed that active ETF inflows, as a share of the overall ETF market, have doubled since 2022, with global active ETF assets surpassing $1.8 trillion. Morningstar data also showed nearly 1,000 active ETFs launched last year, compared with 584 launches a year earlier.

Key features of the new ETFs:

  • PCLC seeks long-term capital appreciation through investments in innovative large-cap growth companies benefiting from long-duration thematic trends.
  • Alphabet, Inc and Nvidia Corp are the top holdings of the PCLC ETF.
  • Almost 47% of the PCLC portfolio is invested in the information technology sector.
  • PCLC carries an expense ratio of 0.50%.
  • PCSG focuses on innovative small- and mid-cap growth firms experiencing inflections in earnings power.
  • Bloom Energy Corporation has the largest weighting in PCSG.
  • The portfolio of PCSG is around 38% exposed to the Industrials sector, followed by a 31% exposure to the Information Technology sector.
  • PCSG carries a net expense ratio of 0.60%.

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