Ariel Investments indexes

Ariel Investments: July 31 Commentary

Ariel Investments' market commentary for July 31, 2014.

Our May commentary addressed U.S. stock market performance from January to May. As you may recall, returns had been up and down, large and mid caps had trounced small caps, and value had beaten growth. While the returns of Ariel Fund and Ariel Appreciation Fund were quite similar, the disparity between benchmarks made Ariel Fund look solid and Ariel Appreciation Fund appear lethargic. This commentary will focus more attention on assessing performance generally and on the Russell Midcap Value Index in particular.

Dissecting investment results can be tricky. First and foremost . . .

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