Bernard Horn Comments on Guangdong Investment

Aug 07, 2014

The Fund’s utility holdings outperformed the sector benchmark, led by double-digit returns in Hong Kong water utility Guangdong Investment (HKSE:00270). The company instituted quarterly reporting, signaling greater transparency for investors, and announced wastewater expansion initiatives. Water tariff increases are also anticipated during upcoming contract renegotiations.

From Bernard Horn (Trades, Portfolio)’s Polaris Global Value Fund Second Quarter 2014 Shareholder Letter.

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