Ariel Investments Global Fund’s Q1 2023 Investor Letter

Ariel Investments, an investment management company, released its “Ariel Global Fund” first-quarter 2023 investor letter. A copy of the same can be downloaded here. In the first quarter, the Ariel Global fund traded +4.19% higher, trailing the +7.31% return of the MSCI ACWI Index and outperforming the MSCI ACWI Value Index’s +1.24% gain. Utilities holdings and lack of exposure to Energy were the sources of positive performance in the quarter, while Information Technology and positioning within Health Care and cash detracted. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.