Ariel Investments, an investment management company, released its “Ariel Focus Fund” second-quarter 2024 investor letter. While uncertainty is high and volatility is expected to remain elevated, the firm considers these risks as short-term disturbances within the scope of its long-term investment strategy. In the second quarter, the fund returned -3.37% and underperformed the -2.17% return for the Russell 1000 Value Index and the +4.28% return for the S&P 500 Index. In addition, please check the fund’s top five holdings to know its best picks in 2024.
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