- First Eagle Global Value Team uses a bottom-up, fundamental investment approach and seeks long-term growth of capital by investing in a range of asset classes from markets in the US and around the world.
- Global Fund A Shares posted a return of -1.93% in third quarter 2021. Japan was the sole contributor from a regional standpoint, while Developed Europe and emerging markets were notably weak.
- Leading contributors in the First Eagle Global Fund this quarter included Oracle Corporation, Shimano Inc., Teradata Corporation, Sompo Holdings, Inc. and HCA Healthcare Inc.
- The leading detractors in the quarter were Compagnie Financière Richemont SA, Alibaba Group Holding Ltd. Sponsored ADR, Jardine Matheson Holdings Limited, Ambev SA Sponsored ADR and Newmont Corporation.
For further details see:
First Eagle Global Value Team Quarterly Commentary Q3 2021