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GGGSY - Fiduciary Management International Equity Q1 2022 Investment Letter
Greggs plc ADR
Fiduciary Management, Inc. is an independent money management firm. FMI’s equity investing strategies apply a value discipline, with a focused approach firmly rooted in fundamental research.
The FMI International portfolios’ exposure to Russia and Ukraine is quite limited, with no direct investments in either country.
If the next economic cycle features higher interest rates and inflation, as it appears it will, we should be operating from a position of strength.