Published on 12 Oct 2023 on Insider Monkey via Yahoo Finance
Artisan Partners, an investment management company, released its “Artisan Developing World Fund” third quarter 2023 investor letter. A copy of the same can be downloaded here. In the third quarter, the fund (Investor Class) returned -7.31% compared to -2.93% for the MSCI Emerging Markets Index. The fund has returned 74.89% cumulatively since June 30, 2015, compared to a 19.73% return for the benchmark. In addition, please check the fund’s top five holdings to know its best picks in 2023.
Artisan Developing World Fund highlighted stocks like MakeMyTrip Limited (NASDAQ:MMYT) in the third quarter 2023 investor letter. Headquartered in Gurugram, India, MakeMyTrip Limited (NASDAQ:MMYT) is an online travel company. On October 11, 2023, MakeMyTrip Limited (NASDAQ:MMYT) stock closed at $42.44 per share. One-month return of MakeMyTrip Limited (NASDAQ:MMYT) was 9.66%, and its shares gained 41.75% of their value over the last 52 weeks. MakeMyTrip Limited (NASDAQ:MMYT) has a market capitalization of $4.504 billion.
Artisan Developing World Fund made the following comment about MakeMyTrip Limited (NASDAQ:MMYT) in its Q3 2023 investor letter: