2024-07-04 10:10:00 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 International Fund returned +5.55%, shy of the MSCI EAFE Index’s +5.78% rise. Meanwhile, Ariel Global Fund advanced +7.35%, which was 85 basis points under the MSCI ACWI Index’s +8.20% in the first quarter.
- The overall AI narrative is one of inevitability with many anticipating a productivity tipping point. While broad optimism continues to prevail, there is a cautious undertone.
- The AI and AI-enabled companies in our portfolioshave benefitted from booming growth but have not kept pace with valuations; accordingly, we believe they have room to run.
Performance (%) as of March 31, 2024 | Annualized | |||||
Name | QTR | 1-Year | 3-Year | 5-Year | 10-Year | Since Inception |
Ariel International Fund | 12/30/2011 | |||||
AINTX Investor Class | 5.55 | 10.17 | 2.35 | 3.85 | 2.97 | 4.92 |
AINIX Institutional Class | 5.60 | 10.39 | 2.58 | 4.10 | 3.22 | 5.17 |
MSCI EAFE Net Index | 5.78 | 15.32 | 4.78 | 7.32 | 4.80 | 7.10 |
MSCI ACWI ex-US Net Index | 4.69 | 13.26 | 1.93 | 5.96 | 4.25 | 6.05 |
Additional Indexes | ||||||
MSCI EAFE Value Net Index | 4.48 | 17.32 | 6.59 | 6.39 | 3.49 | 6.09 |
MSCI ACWI ex-US Value Net Index | 3.40 | 15.34 | 4.58 | 5.35 | 3.20 | 5.18 |
Ariel Global Fund | 12/30/2011 | |||||
AGLOX Investor Class | 7.35 | 15.79 | 7.11 | 7.81 | 6.48 | 8.07 |
AGLYX Institutional Class | 7.38 | 16.01 | 7.36 | 8.07 | 6.74 | 8.34 |
MSCI ACWI Net Index | 8.20 | 23.22 | 6.95 | 10.91 | 8.66 | 10.26 |
Additional Indexes | ||||||
MSCI ACWI Value Net Index | 6.85 | 18.01 | 6.66 | 7.63 | 5.98 | 8.02 |
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For further details see:
Ariel International Fund And Ariel Global Fund Q1 2024 Letter