First Eagle Global Income Builder Fund Comments on Berkeley Group Holdings

Guru stock highlight

Feb 03, 2020

Berkeley Group Holdings (LSE:BKG, Financial) is a property development company focusing on London that benefitted from the reduced uncer-tainty around Brexit after the December election. Berkeley has a relatively stable business that did not change much during the fourth quarter, but the potential Brexit resolution reduced the discount on this stock.

From First Eagle Investment (Trades, Portfolio)'s Global Income Builder Fund fourth-quarter 2019 shareholder letter.

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