Diversified.
Invested.
Our Global Fund
The Polaris Global Value Fund (PGVFX) is a no-load mutual fund that has been advised by Polaris Capital Management since its inception in 1998. Through multiple market cycles across many decades, we have remained committed to our long-term, value-oriented approach.
At Polaris Capital, we have one of the longest global track records of any firm presently in operation and continuously managed by the same individuals.*
Value Driven.
Diversified.
Invested.
Our Global Fund
The Polaris Global Value Fund (PGVFX) is a no-load mutual fund that has been advised by Polaris Capital Management since its inception in 1998. Through multiple market cycles across many decades, we have remained committed to our long-term, value-oriented approach.
We have one of the longest global track records of any firm presently in operation and continuously managed by the same individuals.*
Statistically Patient, Actively Engaged
Polaris’ “statistically patient” global investment philosophy strongly emphasizes valuation over growth, and our investment team capitalizes on normal market fluctuations to opportunistically buy undervalued companies on our radar. We want growth but don’t want to pay for it.
Fundamentals: Boots on the Ground
It is not enough to look at screens or read reports. Our analysts travel the world to meet with potential investment candidates, while assessing industry conditions, competitors, financial metrics and the quality of company management. We are true bottom-up stock pickers.
We Are Fellow Shareholders
As fellow shareholders, we hold ourselves to the highest standards of commitment, transparency and work ethic. We are dedicated to the success of the Fund, as our team has invested personal assets in Polaris products. Very simply, our interests are aligned with our fellow Fund shareholders.
Polaris Global Fund Headlines
The MSCI World Index gained 2.63% for the quarter, while the Polaris Global Value Fund returned -0.98%. The Fund’s outperformance in materials, health care, utilities and energy was offset by declines in consumer discretionary, industrials and comm services. A majority of countries added to gains, including South Korea, Ireland and Singapore. The Fund was underweight and underperformed in a heated U.S. market. Read the full commentary here.
2023 started with economists calling for a recession; by summer, the consensus shifted to “higher for longer”; but by November, the temperature changed to cooling inflation, rate cuts and a “soft landing” scenario. The early anticipated recession did not materialize; in fact, just the opposite occurred with the S&P 500 Index up 26.29% for the year, leveraging gains from a concentrated group of mega-cap tech stocks (Mag 7). But “time might be up” for growth stocks…
MoneyLife Market Call: The End of Free Money Favors Value
*Source: Polaris Global & International GIPS
