Ariel Global Fund’s Q2 2025 Investor Letter

Ariel Investments, an investment management company, released its “Ariel Global Fund” second-quarter 2025 investor letter. The second quarter marked a period of extremes. The stocks fell after the “Liberation Day” tariff announcement in early April and rebounded following the pause in tariff implementation. Enthusiasm for artificial intelligence (AI) themed stocks and robust corporate earnings results lifted global and U.S. indices to new highs. Against this backdrop, the Ariel Global fund traded +7.38% higher in the quarter, compared to the +11.53% return of the MSCI ACWI Index and +5.84% return of the MSCI ACWI Value Index. In addition, please check the fund’s top five holdings to know its best picks in 2025.

A copy of Ariel Global Fund’s Q2 2025 investor letter can be downloaded here.