Financial Insights That Matter
RGA Investment Advisors, an investment management company, released its fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. At first glance, 2024 seemed to be another exceptional year for equity markets, but a closer look revealed a markedly different situation. Even the overarching narrative held its complexities. According to the prevailing story, the S&P 500 achieved impressive results, driven by excitement surrounding AI developments. The letter discussed this not to justify the fund’s performance, but to emphasize the unusual nature of 2024 in the equity markets and to pinpoint where significant tensions currently exist. These tensions also indicate areas with the greatest potential for future returns. Such imbalances cannot remain unchanged indefinitely, regardless of one’s views on AI or the geographical allocation of successful entities. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2024.
In its fourth quarter 2024 investor letter, RGA Investment Advisors emphasized stocks such as Diageo plc (NYSE:DEO). Diageo plc (NYSE:DEO) engages in the production and distribution of alcoholic beverages. The one-month return of Diageo plc (NYSE:DEO) was -7.57%, and its shares lost 21.98% of their value over the last 52 weeks. On February 4, 2024, Diageo plc (NYSE:DEO) stock closed at $115.95 per share, with a market capitalization of $65.326 billion.
Ariel Appreciation Fund stated the following regarding Diageo plc (NYSE:DEO) in its Q4 2024 investor letter:
“During the quarter, we initiated three new investments, each in companies we have followed closely for a considerable time. At various points, we viewed them as missed opportunities; however, our experience with Mr. Market has taught us that patience often creates inevitable entry points. This quarter, some exciting opportunities presented themselves. The three investments are Amazon (NASDAQ: AMZN), Diageo plc (NYSE:DEO), and Uber (NASDAQ: UBER). We will discuss each in detail below
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