JD - Ariel Investments Ariel Global Fund Q1 2024 Commentary
2024-07-04 08:10:00 ET
Summary
- Ariel Investments, LLC is a global value-based asset management firm founded four decades ago in 1983. Ariel serves individual and institutional investors through five no-load mutual funds and eleven separate account strategies.
- Ariel Global Fund traded +7.35% higher in the quarter, trailing the +8.20% gain of its primary benchmark, the MSCI ACWI Index, but ahead of the +6.85% return of its secondary benchmark, the MSCI ACWI Value Index.
- We initiated a position in German-based automotive manufacturing company, Daimler Truck Holding.
- As broad optimism continues to prevail, there are cautious undertones. Although market concentrations have their own peaks and troughs, volatility is near historical lows.
| Performance data quoted represents past performance. Past performance does not guarantee future results. All performance assumes the reinvestment of dividends and capital gains and represents returns of the Investor Class shares. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month-end for Ariel Global Fund may be obtained by visiting our website, Ariel Investments . For the period ended March 31, 2024, the average annual total returns of Ariel Global Fund (Investor Class) for the 1, 5, and 10-year periods were +15.79%, +7.81%, and +6.48%, respectively. |