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Hotchkis & Wiley Global Value Fund Q2 Report: Google (GOOGL) Underweighting Drags on Fund Performance, but Valuation and Growth Prospects Remain Favorable
Hotchkis & Wiley Global Value Fund noted in its Q2 2026 investor letter that its underweight position in Google (Alphabet Inc., NASDAQ:GOOGL) shares dragged down the fund's relative performance. However, the fund still believes Google is well-valued with improving growth prospects, and stated that its investment thesis remains unchanged. The fund achieved a 9.97% return in the second quarter, outperforming the MSCI World Value Index.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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