Published on 6 Nov 2023 on Insider Monkey via Yahoo Finance
Is it Still Safe to Invest in Siemens (SIEGY)?
Polen Capital, an investment management firm, released its "Polen Global Growth" third quarter 2023 investor letter, a copy of which can be downloaded here. Polen Capital's Global Growth Composite Portfolio, referred to as the "Portfolio," experienced a decrease of -3.19% and -3.46% gross and net of fees, which closely tracked the performance of the MSCI ACWI, known as the "Index," which declined by -3.40% over the quarter. Take a moment to review the fund's top 5 holdings to gain insights into their primary investment choices for 2023.
In its Q3 2023 investor letter, Polen Global Growth mentioned Siemens Aktiengesellschaft (NYSE:SIEGY) and explained its insights for the company. Siemens Aktiengesellschaft (NYSE:SIEGY) is a Munich, Germany-based multinational technology conglomerate with a $108.3 billion market capitalization. Siemens Aktiengesellschaft (NYSE:SIEGY) delivered a -0.57% return since the beginning of the year, while its 12-month returns are up by 21.08%. The stock closed at $68.40 per share on November 3, 2023.
Here is what Polen Global Growth has to say about Siemens Aktiengesellschaft (NYSE:SIEGY) in its Q3 2023 investor letter: