First Eagle Global Income Builder Fund Comments on Compania Cervecerias Unidas

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Feb 03, 2020

Compania Cervecerias Unidas (CCU, Financial) is a beer and soft-drink business based in Chile. Although the country is often viewed as an island of stability in Latin America, since October it has been roiled by demonstrations and riots over issues of economic injustice. CCU has a high share in many of the markets in which it is active, and its business remains solid.

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