Fiduciary Management International Equity Fund’s Q2 2021 Investor Letter

Fiduciary Management, an investment management firm, published its “International Equity Fund” second quarter 2021 investor letter – a copy of which can be downloaded here. The FMI International portfolios gained approximately 4.7% (currency hedged) and 4.8% (currency unhedged) in the period, respectively, which compares with an MSCI EAFE Index gain of 4.79% in local currency (LOC) and 5.17% in U.S. Dollars (USD). You can view the fund’s top 5 holdings to have an idea about their top bets for 2021.