Ariel Investments Focus Fund’s Q2 2023 Investor Letter

Ariel Investments, an investment management company, released its “Ariel Focus Fund” second-quarter 2023 investor letter. A copy of the same can be downloaded here.  In the second quarter, the fund increased +1.97%, compared to a +4.07% and +8.74% return for the Russell 1000 Value Index and the S&P 500 Index, respectively. Global markets continued to rise in the second quarter however, the US economy continues to show signs of cooling. Despite uncertainty and volatility expected to remain high, the firm views these near-term concerns as noise from the perspective of its long-term investment horizon. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.