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Parnassus Fund Comments on Nike

Finally, we purchased shares of Nike (NYSE:NKE), the global leader in athletic footwear and apparel. The company is executing on its Triple Play strategy to double innovation, speed to market and direct connections to consumers, which will enable it to gain market share and grow margins. Given its tremendous long-term growth potential from emerging markets and a robust e-commerce presence, we're excited to invest behind one of the world's strongest brands.

From Parnassus Fund's second-quarter 2019 commentary.

This article first appeared on GuruFocus.