Ariel Investments Appreciation Fund’s Q4 2023 Investor Letter

Ariel Investments, an investment management company, released its “Ariel Appreciation Fund” fourth-quarter 2023 investor letter. Towards the end of 2023, Investor sentiment shifted from fears of a recession towards optimism for a soft landing. Against this backdrop, the Ariel Appreciation fund increased +10.70% in the quarter, trailing the +12.11% and +12.82% returns of both the Russell Midcap Value and Russell Midcap indices. Over the trailing one-year period, the fund traded +10.62% higher, lagging the Russell Midcap Value Index’s +12.71% gain and the +17.23% return of the Russell Midcap Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.

A copy of Ariel Investments Appreciation Fund’s Q4 2023 investor letter can be downloaded here.