By Scott Ronalds

As we watch the horrific destruction in Japan, we are well aware that our Global Equity Fund owns a number of businesses in that country. Roughly 20% of the fund is invested in Japanese stocks.

At this time, we don’t have any information or insight to pass along beyond what is available in the public media. It goes without saying that the loss of lives and property is tragic. It’s worth noting, however, that the market’s short-term reaction to natural disasters frequently assumes a more dire impact than is often the case. As we consult with Edinburgh Partners (the manager of the fund) in the coming days, we’ll be sure to provide an update on the situation.