JDCMF - Ariel Investments International Fund Q4 2024 Commentary
2025-02-23 21:40:00 ET
Summary
- Ariel International Fund declined -5.11% in the quarter, outperforming both its primary and secondary benchmark, the MSCI EAFE and MSCI ACWI ex-US Indices, which fell -8.11% and -7.60%, respectively.
- At current valuation levels, we believe the Fresenius remains well-positioned from a risk/reward standpoint.
- In addition to purchasing Italian bank, Banca Monte dei Paschi, we initiated seven new positions during the quarter.
| 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 International Fund may be obtained by visiting our website, arielinvestments.com . For the period ended December 31, 2024 the average annual total returns of Ariel International Fund (Investor Class) for the 1-, 5, and 10-year periods were +5.36%, +2.75%, and +3.43%, respectively. |