2024-05-24 08:20:00 ET
Summary
- Harris Associates is an asset management firm that serves as the investment adviser to the Oakmark Funds. We seek to invest in businesses that are priced at substantial discounts to our estimate of intrinsic value.
- Major global equity markets showed strength throughout the first quarter of 2024.
- The portfolio’s return was 4.80% (net) for the reporting period. This compares to the MSCI World Index that returned 8.88% for the same period.
- While we keep a watchful eye on the macroeconomic environment, we remain focused on our bottom-up, fundamental analysis at the company level when constructing portfolios.
Market Environment
Read the full article on Seeking Alpha
For further details see:
Harris Associates Global All Cap Strategy Q1 2024 Commentary