Here’s Why Artisan Global Equity Fund Sold PepsiCo (PEP)

Artisan Partners, an investment management company, released its “Artisan Global Equity Fund” first quarter 2024 investor letter. A copy of the letter can be downloaded here. The expectation of rate reduction later this year and slowing inflation boosted global markets in Q1. In the first quarter, the fund’s Investor Class ARTHX returned 12.67 %, Advisor Class APDHX posted a return of 12.67%, and Institutional Class APHHX returned 12.72%, compared to an 8.20% return for the MSCI All...