Ariel Investments Small-Cap Value Fund’s Q3 2022 Investor Letter

Ariel Investments, an investment management company, released its “Ariel Small-Cap Value Fund” third-quarter investor letter. A copy of the same can be downloaded here. In the third quarter, the fund declined -8.03% gross of fees, underperforming the Russell 2000 Value Index and the Russell 2000 Index, which returned -4.61% and -2.19%, respectively. Inflation, the Russia-Ukraine war, energy prices, and Federal Reserve actions affected the business and investor confidence in the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.