Bell Global Equities Fund Exits Aon (AON) After USI Acquisition Raises Financial and Execution Risks
Published . Updated .
Bell Global Equities Fund, managed by Bell Asset Management, released its Q3 2026 investor letter. The Fund delivered a strong third quarter of 2026, with its Platform Class returning 5.4% and outperforming the MSCI World ex-Australia Index, which gained 1.5%. The result marked
Directly affected
Indirectly affected
- EWA iShares MSCI Australia ETF+2.2% 30d
iShares MSCI Australia ETF holds stocks listed in Australia, which this story is about (“australia”).
- EFA iShares MSCI EAFE ETF-2.2% 11d
iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Australia, which this story is about.
- XLF Financial Select Sector SPDR-3.2% 30d
Financial Select Sector SPDR holds the financials sector that Aon belongs to, so it often moves with news about it.
- MRSH Marsh & McLennan Companies+10.2% 30d
Marsh & McLennan Companies is a peer of Aon in insurance agents, brokers and service; rivals often move on the same news.
- AJG Arthur J. Gallagher
Arthur J. Gallagher is a peer of Aon in insurance agents, brokers and service; rivals often move on the same news.
- BRO Brown & Brown+1.2% 30d
Brown & Brown is a peer of Aon in insurance agents, brokers and service; rivals often move on the same news.
- EQH Equitable Holdings-1.0% 11d
Equitable Holdings is a peer of Aon in insurance agents, brokers and service; rivals often move on the same news.
- ERIE Erie Indemnity-9.2% 11d
Erie Indemnity is a peer of Aon in insurance agents, brokers and service; rivals often move on the same news.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| AON | -2.87% | -4.33% | base | +0.53% | after close | after close | after close |
| MSCINo price data for this ticker | — | — | — | — | — | — | — |
| EWANo price data for this ticker | — | — | — | — | — | — | — |
| EFANo price data for this ticker | — | — | — | — | — | — | — |
| XLF | +0.96% | -0.14% | base | +1.46% | after close | after close | after close |
| MRSHNo price data for this ticker | — | — | — | — | — | — | — |
| AJGNo price data for this ticker | — | — | — | — | — | — | — |
| BRONo price data for this ticker | — | — | — | — | — | — | — |
| EQHNo price data for this ticker | — | — | — | — | — | — | — |
| ERIENo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Bell Global Equities Fund Exits Aon (AON) After USI Acquisition Raises Financial and Execution Risks Yahoo Finance
Source: Yahoo Finance
This story
| Company | When | Move | Status |
|---|---|---|---|
| AON | that day | +0.53% | still updating |
| AON | three days earlier | -4.33% | final price |
| AON | five days earlier | -2.87% | final price |
| XLF | that day | +1.46% | still updating |
| XLF | three days earlier | -0.14% | final price |
| XLF | five days earlier | +0.96% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Rohit Khanna sold AON (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 34 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold MSCI, worth $1,001 - $15,000 on 24 Aug 2026. That is 66 days before publication. Filed 8 Oct 2026. View the filing.
- Sen. John Boozman sold EFA (jointly held), worth $1,001 - $15,000 on 9 Sep 2026. That is 50 days before publication. Filed 21 Oct 2026. View the filing.
- Rep. Kevin Hern sold Marsh & Mclennan Companies (MRSH) (jointly held), worth $50,001 - $100,000 on 23 Sep 2026. That is 36 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Kevin Hern sold Marsh & Mclennan Companies (MRSH) (jointly held), worth $50,001 - $100,000 on 17 Sep 2026. That is 42 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Kevin Hern sold Marsh & Mclennan Companies (MRSH) (jointly held), worth $1,001 - $15,000 on 14 Sep 2026. That is 45 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Michael T. McCaul sold Arthur J. Gallagher (AJG) (held by a spouse), worth $1,001 - $15,000 on 25 Aug 2026. That is 65 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Arthur J. Gallagher (AJG), worth $500,001 - $1,000,000 on 10 Aug 2026. That is 80 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold Brown & Brown (BRO), worth $15,001 - $50,000 on 26 Aug 2026. That is 64 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. April McClain Delaney sold Brown & Brown (BRO) (held by a dependent child), worth $100,001 - $250,000 on 25 Aug 2026. That is 65 days before publication. Filed 9 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
12 out of 100Price not final
“Bell Global Equities Fund Exits Aon (AON) After USI Acquisition Raises Financial and Execution Risks” scores 12 out of 100. The score uses 1 sources. The price is not final yet.