Ariel Investments International Fund’s Q1 2023 Investor Letter

Ariel Investments, an investment management company, released its “Ariel International Fund” first-quarter 2023 investor letter. A copy of the same can be downloaded here. In the first quarter, the Ariel International Fund gained +5.40% trailing the MSCI EAFE and MSCI ACWI ex-US indexes which returned +8.47% and +6.87%, respectively. Communication Services holdings were the leading contributor of the fund in the quarter, while stock selection within Information Technology and Consumer Discretionary detracted. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.