Fundamental Thinking presents the perspectives of Harding Loevner’s analysts on a range of investment topics, highlighting our fundamental research and providing insight into how we approach quality growth investing.
Though the future of cars may be automated, our investment decisions will be anything but.
June 21, 2017
NEW7-minute read4-minute video
While many predict the widespread adoption of fully autonomous vehicles by 2030, we see a number of risks that could stall the shift from driver assistance (Level 1) to fully automated driving (Level 5). It also remains to be seen whether software or hardware makers stand most to gain from this shift, further complicating matters for investors.
The younger, better‐educated generation of Chinese is beginning to disrupt industries around the world, presenting investors with underappreciated challenges and opportunities.
June 14, 2017
7-minute read1-minute video
The number of Chinese students graduating from university each year has more than septupled from 1 million in 1997 to 7.4 million in 2015. This expanding talent pool, combined with the recent surge in R&D and capital expenditure in China, is quickly raising the international competitiveness of Chinese firms in high value-added industries.
Can new entrants like Dollar Shave Club break the hegemony of the branded consumer staples giants, or will it be dominance as usual?
June 7, 2017
Revenues from ubiquitous products such as coffee, detergent, and toothpaste have gone to a handful of branded consumer staples conglomerates such as Nestlé and Unilever for generations. With new trends in e-commerce, online advertising, contract manufacturing, and distribution channels changing the competitive landscape, industry fragmentation is perhaps now more likely than ever.
By sharing the thinking that underpins our investment decisions, the multimedia series will provide additional insight into how we construct and manage portfolios.
June 6, 2017
Topics covered in Fundamental Thinking will not be moored to the demands of portfolio performance reporting. Rather, the subjects explored and the debates highlighted will be more attuned to the underlying fundamentals we analyze.
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