Brown Capital Management International Equity Fund’s Q4 2020 Investor Letter

Brown Capital Management International Equity Fund recently released its Q4 2020 Investor Letter, a copy of which you can download here. In the fourth quarter of 2020, the indexes that represent international equities rose: the MSCI ACWI ex USA Index increased 17.08%; the MSCI World ex USA Index went up 15.91%; and the MSCI EAFE Index returned 16.09%. The Brown Capital Management International Equity Fund lagged these returns. However, you should check out Brown Capital Management’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.