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Why Did This Oakmark Fund Reopen?

Oakmark manager Clyde McGregor says with interest rates remaining low for much longer than he had anticipated, the reasons for previously closing one of his funds no longer made sense.

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Shannon Zimmerman: I began at the top of the segment by saying there were two news items connected to Oakmark Equity and Income. We haven't gotten to the second one yet. The fund has recently reopened to all investors. For a good long while it was closed, except if you went through Oakmark directly.

Clyde McGregor: Two years.

Shannon Zimmerman has a position in the following securities mentioned above: OAKLX. Find out about Morningstar’s editorial policies.