Here’s Why Oakmark Funds Remains Optimistic in adidas (ADDYY)

Oakmark Funds, an investment management firm, published its “Oakmark International Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. The Oakmark International Fund returned -8.7% for the quarter ended March 31, 2022, compared to the benchmark, the MSCI World ex U.S. Index, which returned -4.8% for the same period. In addition, the Fund has returned an average of 8.8% per year since its inception in September 1992, outperforming the MSCI World ex U.S....