Here’s Why Colgate-Palmolive Co. (CL) Became One of First Eagle’s Q1 2021 Detractors

First Eagle Investment Management, an investment management firm, published its first quarter 2021 investor letter – a copy of which can be downloaded here. A net return of 3.71% was delivered by the fund for the Q1 of 2021. The Fund underperformed the MSCI World Index in the period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.

First Eagle Investment Management, in their Q1 2021 investor letter, mentioned Colgate-Palmolive Company (NYSE: CL) and...