HAIIF - Tweedy Browne Fund Q4 2023 Commentary

2024-02-14 21:40:00 ET

Summary

• Tweedy, Browne Company LLC provides investment advisory services. The Company offers portfolio management, financial planning, and consulting services for individuals, institutions, partnerships, pension and profit-sharing plans, charitable foundations, trusts, and offshore funds. Tweedy, Browne serves investors in the U.S.
• In this highly charged, momentum-driven, risk-on environment, the Tweedy, Browne Funds made considerable financial progress, but as one might expect, trailed their benchmark indices.
• We still believe we are in the midst of a material shift in markets largely driven by stubbornly persistent inflation and interest rates, which we think will likely normalize over time at levels well beyond the zero bound of the last decade plus.

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