Ariel Investments, an investment management company, has announced the fourth quarter 2023 investor letter for the Ariel Global Fund. You can download a copy of the same here. In Q4, Ariel Global Fund's total fees increased by +8.40% (+8.18% net of fees), compared to +11.03% for the MSCI ACWI Index and +9.17% for the MSCI ACWI Value Index. The fund has increased gross fees by +13.96% (+13.06% net of fees) over the past year, underperforming the MSCI ACWI Index's +22.20% return and the MSCI ACWI Value Index's +11.81% return. I surpassed it. Additionally, you can check out the fund's top five holdings to learn about the best stocks for 2023.
Ariel Global Fund featured stocks such as KB Financial Group (NYSE:KB) in its Q4 2023 Investor Letter. Headquartered in Seoul, South Korea, KB Financial Group Inc. (NYSE:KB) provides a variety of banking and related financial services. On March 22, 2024, KB Financial Group (NYSE: KB) stock closed at $55.54 per share. His 1-month return for KB Financial Group Inc. (NYSE: KB) is his 19.34% and the company's stock has increased his 53.09% in value over the past 52 weeks. KB Financial Group Inc. (NYSE:KB) has a market capitalization of $21.227 billion.
Ariel Global Fund said the following about KB Financial Group (NYSE:KB) in its Q4 2023 investor letter:
“We have added the largest financial company in South Korea in terms of assets and customer base. KB Financial Group Co., Ltd. (NYSE:KB). The Company believes that the Company's strong, stable and diversified earnings structure and industry-leading shareholder returns are well supported by its various business lines and subsidiaries. At current levels, KB Financial is trading at a significant discount to our private market value estimates. ”
Business professional doing banking from laptop using company investment services.
KB Financial Group Inc. (NYSE:KB) isn't on our list of 30 most popular stocks among hedge funds. At the end of the fourth quarter, KB Financial Group (NYSE: KB)'s hedge fund portfolio was held in 15 companies, compared to 12 last quarter, according to our database.
We covered KB Financial Group Inc. (NYSE:KB) in another article and shared a list of the most undervalued bank stocks to buy. Additionally, for investor letters from hedge funds and other leading investors, please visit our Hedge Fund Investor Letters Q4 2023 page.
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Disclosure: None. This article was originally published on Insider Monkey.
