Harris Associates launched the Oakmark Global Select Fund, which will...

Harris Associates launched the Oakmark Global Select Fund, which will invest in 20 large companies around the world, said Michael J. Neary, managing director, marketing and client relations. The fund will be run by veteran Oakmark portfolio managers Bill Nygren and David Herro. An existing global strategy, the Oakmark Global Fund, holds between 40 and 60 stocks. The new fund will look to invest as much as 70% of its assets in non-U.S. holdings, but that total can drop to 30%, depending on market conditions.