Southeastern Asset Management
] has rolled out its first U.S. open-end fund since 1998, and its first global mutual fund ever, for sale in the United States, reports Morningstar
. The fund, dubbed LongLeaf Global
will invest at least 40 percent of its assets outside the U.S.
The research firm notes that sibling funds Longleaf Partners
and Longleaf Partners Small-Cap
have netted Gold Morningstar Analyst Ratings while Longleaf Partners International
is rated Bronze.
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