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In the June quarter, the Oakmark Global Fund (OAKGX) gained 4.3%, while the MSCI World Index returned 4% and the Lipper Global Fund Index returned 3.1%. These numbers seem to suggest a pleasant rally in the period, but those who follow the market closely know that it was anything but. After slowing down in March from a strong start to the year, stock markets picked up the pace in April, generating unusually strong returns. This more than completely reversed in May, however, as international politics and trade considerations appeared to frighten investors. With