Polen Capital, the Boca Raton, Florida-based investment manager, has expanded its ETF lineup with two actively managed funds aimed at advisors seeking tax-efficient access to innovative growth strategies. The Polen 5Perspectives Large Growth ETF (PCLC) and the Polen 5Perspectives Small-Mid Growth ETF (PCSG) were launched to meet growing demand for active management in a tax-conscious wrapper.
The funds are managed by Drew Cupps, head of Polen's 5Perspectives Growth Team, and focus on companies benefiting from long-term thematic tailwinds such as electrification, artificial intelligence, genomics, and aerospace. PCLC targets large-cap growth firms with open-ended themes, while PCSG invests in emerging small- and mid-cap companies experiencing an inflection in earnings power.
Laura Graff, head of product strategy at Polen, noted in a statement that many advisors continue to seek more tax-efficient ways to access differentiated active strategies. The launches reflect Polen's commitment to meeting clients where they are and expanding access to the multi-disciplinary approach that has defined the 5Perspectives investment platform for over 25 years.
The 5Perspectives Growth Team was renamed earlier this year from the Small Caps Growth team to better reflect the firm's investment philosophy. Polen said the change aligns with its broader strategy of offering thematic, multi-cap growth solutions.
Active ETFs have seen a surge in popularity. According to Goldman Sachs data released earlier this year, active ETF inflows as a portion of all exchange-traded funds have doubled since 2022, with global assets topping $1.8 trillion. This trend underscores the growing appetite for active management in a tax-efficient structure, a key driver behind Polen's latest offerings.
Advisors are increasingly turning to active ETFs to navigate volatile markets and capture alpha, while also benefiting from the tax advantages of the ETF structure. Polen's new funds aim to provide a differentiated approach by combining thematic investing with active stock selection.
The launch comes amid a broader wave of active ETF introductions. As noted in a recent InvestLin article, Active ETFs Fuel Record Launches in 2025, But Closure Wave Looms for Subscale Funds, the market is seeing record numbers of new funds, though sustainability remains a concern for smaller offerings.
Polen's move also reflects a shift in advisor preferences toward strategies that can adapt to changing market conditions. With themes like AI and electrification driving growth, the 5Perspectives team aims to capture opportunities across market caps.
For advisors, the new ETFs offer a way to incorporate active, thematic growth exposure into client portfolios without the tax drag often associated with mutual funds. As the active ETF space continues to expand, Polen's entry underscores the importance of innovation in meeting advisor needs.
