Ariel Investments
Ariel Emerging Markets Value
Emerging markets Value
Mar 2025 → Mar 2026
Our archive holds 3 letters from this strategy, behind 5 investment theses and positions in 13 companies. Every quote below is copied verbatim from the letter it came from.
3 letters in 2 years · follow all of Ariel Investments for every strategy.
What it bought and sold
Given the appreciation and realization of our investment thesis, we exited the position during the quarter.
Also during the quarter, we initiated a new position in Kia Corporation, a leading Korean automaker.
By comparison, we exited the following names on valuation: Brazil’s integrated aluminum producer, Companhia Brasileira de Alumínio Copa Holdings S.A., one of the leading airlines in the Americas FPT Corporation, a Vietnam based conglomerate focused on technology, telecommunications, and private education OTP Bank Nyrt, a leading retail and corporate bank in Central and Eastern Europe
We also sold our position in Hyundai Marine & Fire Insurance Co., Ltd. to reallocate capital toward more compelling opportunities.
Additionally, we added Vanguard FTSE Emerging Markets ETF as a cash alternative.
- ExitedOTP Bank NyrtMar 2026
By comparison, we exited the following names on valuation: Brazil’s integrated aluminum producer, Companhia Brasileira de Alumínio Copa Holdings S.A., one of the leading airlines in the Americas FPT Corporation, a Vietnam based conglomerate focused on technology, telecommunications, and private education OTP Bank Nyrt, a leading retail and corporate bank in Central and Eastern Europe
Also held
Its investment theses
- Kuaishou TechnologyMar 2026Kuaishou Technology is leveraging a large engaged user base and AI-driven ad/e-commerce tools to enhance monetization, strengthen competitive positioning, and expand margins over time.
- Astor Transformator Enerji Turizm Insaat Ve Petrol Sanayi Ticaret ASDec 2025Astor Transformator Enerji Turizm Insaat Ve Petrol Sanayi Ticaret AS is a power transformer manufacturer doubling capacity to capture surging global demand from AI and electrification.
- Great Wall Motor Company LimitedDec 2025Great Wall Motor Company Limited is executing new product launches and international expansion that should drive volume growth and margin improvement through scale.
- China Mengniu Dairy Co Ltd.Mar 2025China Mengniu Dairy Co Ltd is well-positioned for earnings recovery in 2025 and beyond due to higher milk prices, improving margins, and a shift in capital allocation strategy towards higher dividends.
- Eurobank Ergasias Services and Holdings SAMar 2025Eurobank Ergasias Services and Holdings SA is well-positioned to benefit from Greece’s economic recovery and expected credit growth, supported by its focus on wealth management and recent acquisitions.