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More than Tech and ESG, Trade in Cyclicals is Stretched
CNBC Asia Street Signs
April 16, 2021

Micky Jagirdar, Head of Investments for Ariel’s International & Global Equities team, on why valuations in cyclical stocks are reaching multi-year highs.




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In this broadcast interview, Micky Jagirdar, Co-Portfolio Manager of the Ariel Global Concentrated product, candidly discusses his opinions on the market, certain sectors and specific stocks. His opinions were current as of the date of the broadcast but are subject to change. The information provided in the interview does not provide information reasonably sufficient upon which to base an investment decision and should not be considered a recommendation to purchase or sell any particular security. The information contained in the article is not guaranteed as to its accuracy or completeness.

One or more of the stocks mentioned were, as of the date of this communication, and may currently be held in certain Ariel portfolios, including the Ariel Global Concentrated and Ariel Global portfolios, as well as Ariel Global Fund and Ariel Focus Fund. Any holdings mentioned do not constitute all holdings in a Fund. Portfolio holdings are subject to change. The performance of any single portfolio holding is no indication of the performance of other portfolio holdings. See current holdings information for Ariel Global Fund by clicking here. See current holdings information for Ariel Global Fund by clicking here. See current holdings information for Ariel Focus Fund by clicking here.

Investments in foreign securities may underperform and may be more volatile than comparable U.S. stocks because of the risks involving foreign economies and markets, foreign political systems, foreign regulatory standards, foreign currencies and taxes. The use of currency derivatives and exchange-traded funds (ETFs) may increase investment losses and expenses and create more volatility. Investments in emerging markets present additional risks, such as difficulties in selling on a timely basis and at an acceptable price. The intrinsic value of the stocks in which the portfolios invest may never be recognized by the broader market. Past performance does not guarantee future results. The portfolios are often concentrated in fewer sectors than their benchmarks, and their performance may suffer if these sectors underperform the overall stock market. Investing in equity stocks is risky and subject to the volatility of the markets.




 
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