Brandes Emerging Markets Value Fund Comments on POSCO

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Dec 04, 2015

South Korea-based POSCO (PKS) saw its share price fall due to investor fears of slowing economic growth in China, one of the company’s revenue sources. We have factored China’s slowdown into our valuation for POSCO and believe the company offers competitive advantages that may not be fully reflected in its share price.

From Brandes Emerging Markets Value Fund 3rd quarter commentary.