Thornburg International Value Fund Commentary
For the second quarter of 2012, the Thornburg International Value Fund declined 6.95% (for the A shares, without sales charge), versus declines of 7.13% for the MSCI EAFE Index and 7.38% for the MSCI ACWI ex-U.S. Index. The market’s optimism in the first quarter gave way to increasing concerns abou…
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