Tweedy, Browne's Global Value Fund II -- Currency Unhedged opened for business this week, the New York City-based company revealed.

Tweedy already has the successful, hedged Global Value Fund, which holds $4.1 billion in assets and is rated four stars by Morningstar.

The new fund has an expense ratio of 137 basis points, similar to the 141 bps of the hedged global value fund.

According to Tweedy, the unhedged fund is a response to investor demand for exposure to foreign currency. Investors with money in Tweedy's flagship hedged global value fund often expressed interest in allowing currency fluctuations to move the fund. Rather than change the strategy of its existing fund, Tweedy decided to introduce a whole new fund.

The investment committee for both funds comprises William H. Browne, Thomas H. Shrager, John D. Spears and Robert Q. Wyckoff Jr. The team also manages Tweedy, Browne's two other funds, the Worldwide High Dividend Fund and the Value Fund. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE