Ariel International AINIX has held up well in the downturn that began in non-U.S. markets on Jan. 20, 2020. From then through March 23, the fund’s Institutional shares dropped 25.9%. While painful, that was better than the MSCI EAFE Index’s 33.9% decline and bested all but a few foreign large-blend rivals. Stock selection was solid across most sectors, but an overweighting in--and solid picks within--the defensive telecommunication services industry notably buoyed results, as did an above-average cash stake, which stood at 9.4% of assets on Dec. 31, 2019.
Will AINIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillar’s below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AINIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the AINIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of AINIX’s parent organization’s priorities and whether they’re in line with investors’ interests.