Additionally, the Fund benefited from its position in Hong Kong-based Yue Yuen (HKSE:00551, Financial), whose share price increased after it announced strong results for the first half of 2015. Yue Yuen is the world’s largest manufacturer of athletic and casual footwear, operating as an original equipment manufacturer (OEM) and original design manufacturer (ODM) for major brands such as Nike, Adidas, Reebok, Asics, New Balance and Puma.
From Brandes Emerging Markets Value Fund 3rd quarter commentary.
