ESLOY - Oakmark International Fund: Second Quarter 2019
The Oakmark International Fund (OAKIX) returned 3.4% for the quarter ended June 30, 2019, slightly underperforming the MSCI World ex U.S. Index, which returned 3.8% over the same period. However, the Fund has returned an average of 9.2% per year since its inception in September 1992, outperforming the MSCI World ex U.S. Index, which has averaged 5.9% per year over the same period.
[[WPP]], a U.K.-based marketing and advertising company, was a top contributor for the quarter, returning 24%. WPP's first-quarter earnings were in line with our expectations, while the new business the company won