Ariel Investments, an investment management company, released its “Ariel Appreciation Fund” first-quarter 2024 investor letter. The Ariel Appreciation fund increased +4.06% in the quarter, trailing the +8.23% and +8.60% returns of the Russell Midcap Value and Russell Midcap indices. Except for real estate, all sectors in the S&P 500 saw increases, even though momentum was the main factor influencing performance across size and style. In addition, you can check the top 5 holdings of the fund to know its best picks in 2024.
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