Ariel Investments Global Fund’s Q1 2024 Investor Letter

Ariel Investments, an investment management company, released its “Ariel Global Fund” first-quarter 2024 investor letter. In the first quarter, the Ariel Global fund appreciated +7.35% lagging behind the +8.20% gain of its primary benchmark, the MSCI ACWI Index, but ahead of the +6.85% return of its secondary benchmark, the MSCI ACWI Value Index. The upward rally of developed markets continued in the first quarter of 2024. The rally was driven by investors’ excitement over artificial intelligence (AI), a rebound in bank lending growth, decreased energy costs, a rise in global manufacturing activity, recent structural reforms in Japan, and the near-term possibility of a rate-cutting cycle in the U.S. and Europe. In addition, you can check the top 5 holdings of the fund to know its best picks in 2024.

A copy of Ariel Investments Global Fund’s Q1 2024 investor letter can be downloaded here.