Ariel Investments Global Fund’s Q4 2023 Investor Letter

Ariel Investments, an investment management company, released its “Ariel Global Fund” fourth-quarter 2023 investor letter. In the fourth quarter, the Ariel Global fund returned +8.40% gross of fees (+8.18% net of fees), compared to the MSCI ACWI Index’s +11.03%, and the MSCI ACWI Value Index’s +9.17% gains. The fund appreciated +13.96% gross of fees (+13.06% net of fees) over the trailing year, underperforming the MSCI ACWI Index’s +22.20% return and ahead of the MSCI ACWI Value Index’s +11.81% return. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.

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