Brandes Investment Partners, an asset management company, released its second-quarter 2026 investor letter for its “Brandes Small Cap Value Fund”. In Q2 2026, the Fund returned 13.85% (Class I Shares), underperforming the Russell 2000 Index’s 21.49% gain and the Russell 2000 Value Index’s 17.19% rise. However, year-to-date, the fund (Class I Shares) increased by 23.17%, surpassing the 22.57% and 22.99% returns of the indexes, respectively. The second quarter's performance was mainly driven by holdings in the industrial sector, particularly aerospace and defense, as well as...
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