Polen Capital Enters Europe’s ETF Market with High Yield Credit Fund

Polen Capital has entered the European ETF market through the launch of the iMGP European High Yield Fund UCITS ETF (PEHY), listed on Euronext Paris with a 0.70% total expense ratio. Managed by Polen Capital Credit, the actively managed fund holds a concentrated portfolio of 70–90 issuers and targets a yield premium of 75–100 basis points above the ICE BofA Euro High Yield Constrained Index. Marketed as a liquid alternative to private credit, PEHY marks iM Global Partner’s first fixed-income ETF and expands its growing active ETF platform.