Bell Global Equities Fund Bets on MercadoLibre (MELI) Amid Weakness

Bell Global Equities Fund Bets on Mercado Libre (MELI) Amid Weakness Soumya Eswaran Mon, June 8, 2026 at 9:37 PM GMT+7 3 min read MELI MSTR Bell Global Equities Fund, managed by Bell Asset Management, released its latest investor update, available for download. March saw heightened volatility due to the Middle East conflict, with the MSCI World ex Australia Index falling 2.5% and the Bell Global Equities Fund (Wholesale class) declining 3.1%. The portfolio s underweight in Energy was the primary headwind to relative performance, compounded by poor stock selection in Communication Services, Health, and Energy. A tentative ceasefire in early April has helped stabilize sentiment and reverse some March declines. Future market trends depend on the ceasefire s durability and how ongoing energy supply disruptions affect inflation and growth through 2026. In addition, the ongoing AI disruption narrative is significantly influencing market behavior, causing indiscriminate selling across various sectors. The recent weakness appears to be sentiment-driven rather than fundamental deterioration, thus creating opportunities. In addition, please check the Strategy’s top five holdings to know its best picks in 2026.

In its first-quarter 2026 investor letter, Bell Global Equities Fund highlighted MercadoLibre, Inc. (NASDAQ:MELI). MercadoLibre, Inc. (NASDAQ:MELI) is a leading online commerce platform in Latin America that operates Mercado Libre Marketplace and Mercado Pago FinTech platforms. On June 5, 2026, MercadoLibre, Inc. (NASDAQ:MELI) closed at $1,607.80 per share. One-month return of MercadoLibre, Inc. (NASDAQ:MELI) was -3.58%, and its shares lost 34.13% over the past 52 weeks. MercadoLibre, Inc. (NASDAQ:MELI) has a market capitalization of $81.51 billion.

Bell Global Equities Fund stated the following regarding MercadoLibre, Inc. (NASDAQ:MELI) in its Q1 2026 investor letter: