2024-06-26 10:45:00 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.
- The Ariel International (DM) Composite returned +5.13% gross of fees (+4.92% net of fees), shy of the MSCI EAFE Index’s +5.78% rise.
- Market trend chasing can be expensive, reminiscent of late 1990s tech bubble.
- Ariel International portfolios perform well, focusing on companies with solid business momentum and attractive valuations.
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For further details see:
Ariel Investments Q1 2024 International (DM) Composite Strategy Letter